In a short run competitive equilibrium
A) the market demand curve is horizontal.
B) the market demand curve is downward sloping.
C) the market demand curve is perfectly inelastic.
D) All of the above are possible.
D
Economics
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Countries with large amounts of capital per worker tend to have ________ levels of real GDP per person and ________ levels of average labor productivity.
A. low; low B. low; average C. high; low D. high; high
Economics
A U.S. firm that outsources jobs would be
A. Buying raw materials from a Chinese firm instead of a U.S. firm. B. Buying computers assembled in Mexico that used U.S. parts. C. Building a factory in Canada and hiring Canadian workers. D. All of the choices are correct.
Economics