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The bulk of world trade originates and is exchanged between _____ economies
a. high- income
b. low- income
c. developing
d. closed
Almost one-fifth of the deaths in children under five in Africa are from:
a. Malaria
b. HIV/AIDS
c. tuberculosis
d. none of the above
With a few exceptions, famine no longer seems to be a threat in Asia; however, this country marks a clear exception to that premise:
a. China
b. Vietnam
c. North Korea
d. Laos
Health-adjusted life expectancy (HALE) reduces life expectancy by years spent:
a. in an unhappy marriage
b. remaining single
c. working in high-risk occupations
d. with disabilities
Which education indicator refers to enrollments of those in the relevant age group?
a. gross enrollment rates
b. net enrollment rates
c. grade survival rates
d. learning outcomes
Why profits encourage entry into purely competitive industries and explain how losses encourage exit from purely competitive industries.
An industry said to be characterized by monopolistic competition is the apparel industry. In May 2015, a Wall Street Journal article on apparel pricing began this way: “Remember all the nifty bargains you found shopping for clothes last year?
The demand for the product of a business is given by q = 50 - 2p. If the price of the product is p = 10 dollars, the revenue is
illustrate what is the specific marketplace-failure justification for governing spending on public universities
Suppose that Agostino's hourly wage is $30 per hour, his rental property yields $120 per day, and he has 16 hours in a day to allocate between leisure and work. Draw his daily budget constraint. How much can Agostino consume if he enjoys 16 hours of ..
Assume that after the exchange of one permit, the marginal cost of abatement is for the firm that sold the permit for $170 also the marginal cost of the firm
Explain what is happening to both marginal productivity of each additional worker and the marginal cost of each additional unit of output.
q1. bmme5103 2 forgone entrepreneurial income to be 10000 a year. she used 500000 in savings that earned 5 percent
The annual operating costs increase by 15% each year as the machines age. If the interest rate is 8%, what is the net present cost for the Quik-Skwish machine?
Imagine you are an international monetary fund official going to a country whose export earnings are not able to pay for imports. The government has requested a loan from the IMF. In which areas would you recommend the government to cut: education, s..
A perfectly competitive painted necktie industry has a large number of potential entrants. Each firm has an identical cost structure such that long-run average cost is minimized at an output of 20 units (qi = 20). What is the industry's long-run supp..
Suppose two hot dog stands, Al’s & Bob’s, position themselves at different ends of a 100 yard stretch of beach. Assume there are 100 beach goers evenly distributed along the stretch of beach and travel costs are $.1 per yard. If Al charges $1 for his..
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