The emergence of English as the de facto world language ________ a comparative advantage in the production of books, movies and popular music.
A. has given all countries
B. has given non-English-speaking countries
C. has no effect on which country has
D. has given English-speaking countries
Answer: D
Economics
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In the above figure, the maximum number of units that 4 workers can produce is
A) 5 units. B) 10 units. C) 15 units. D) more than 15 units.
Economics
When a firm is on the inelastic segment of its demand curve, it can:
A. increase total revenue by reducing price. B. decrease total costs by decreasing price. C. increase profits by increasing price. D. increase total revenue by more than the increase in total cost by increasing price.
Economics