How would we expect the economic growth rates in future years of country A and country B to compare?



A. Country A will have a higher growth rate.

B. Country B will have a higher growth rate.

C. Both countries will grow at about the same rate.

D. There is not enough information to determine the relative growth rates of countries A and B.

A. Country A will have a higher growth rate.

Economics

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A rule that specifies the highest price that a regulated firm is permitted to set is called

A) rate of return regulation. B) price cap regulation. C) maximum price regulation. D) average/marginal cost pricing.

Economics

Refer to Table 4-7. If a minimum wage of $12.50 is mandated there will be a

A) shortage of 40,000 units of labor. B) surplus of 80,000 units of labor. C) shortage of 80,000 units of labor. D) surplus of 40,000 units of labor.

Economics