Some years ago, the World Bank surveyed the ways in which countries encouraged or discouraged market activity. Its conclusion was
A. when poor people are allowed access to the institutions richer people enjoy, they are ill equipped to take advantage of those benefits.
B. when poor people are allowed access to the institutions richer people enjoy, they can thrive and help themselves.
C. that there was no measurable difference between the countries that actively encouraged market activity from those that discouraged it.
D. without the proper resources, encouraging market activity had no effect.
Answer: B
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Based on the fertility-rate calculations for major industrialized countries, their populations are expected to decline significantly in the coming years because the:
A. Total fertility rate is higher than the replacement rate B. Total fertility rate is below the replacement rate C. Fertility rate and the replacement rate are about equal D. Fertility rate divided by the replacement rate is greater than one
Refer to Figure 9.2. Whenever a CD is sold, 5% of the revenue goes to the artist and the remainder of the revenue goes to the record company. The graph above depicts R, the total revenue from sales; (0.95)R, the record company's share; and C, the cost of producing the CD (which the record companies bears). At what quantity would the record company like to produce the CD?
A. 0
B. Q1
C. Q2
D. Q3