Refer to Table 5.1. Ranked highest to lowest in expected income, the majors are
A) economics, accounting, English, mathematics, political science.
B) mathematics, English, political science, accounting, economics.
C) economics, accounting, mathematics, English, political science.
D) English, economics, mathematics, accounting, political science.
E) accounting, English, mathematics, political science, economics.
C
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In which of the following market structures is there clear-cut mutual interdependence with respect to price-output policies?
A. Pure monopoly. B. Oligopoly. C. Monopolistic competition. D. Pure competition.
Which of the following exemplifies why it is unlikely that a country would specialize in just one product?
a. A hurricane late in the growing season destroyed the entire sugar cane crop. b. Varieties of figs would grow but rarely ripen in the cooler, northern climate. c. The Playstation video game console sold more units than any other system. d. Food trends indicated that people were increasing their fruit consumption.