If a country begins to import more of a commodity, one can normally expect the price of the commodity to
A. remain unchanged in that nation.
B. rise and then fall below where it was originally.
C. rise in that nation.
D. drop in that nation.
Answer: D
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In a prisoner's dilemma:
a. all competing parties gain. b. one competitor gains at the expense of another. c. all competing parties lose. d. one competitor loses.
The Roomba 570 is a robotic vacuum cleaner made and sold by iRobot. It can vacuum 4 rooms on a single battery charge and it costs $2 worth of electricity to charge the Roomba
Lynn is a house cleaner and can vacuum 4 rooms in 1 hour with a traditional vacuum. Suppose you want the 4 rooms in your house vacuumed once a week for one year. Ignoring the cost of any electricity Lynn uses, which method is economically efficient if Lynn charges $20 per hour? $30 per hour? A) Roomba if Lynn charges $20 per hour and Lynn if she charges $30 per hour B) Lynn if she charges $20 or $30 per hour C) Roomba if Lynn charges $20 or $30 per hour D) Lynn if she charges $20 per hour and Roomba if Lynn charges $30 per hour