Google and Yahoo internet search engines are examples of:
A. government-implemented models.
B. coordinating mechanism designs.
C. free market pricing models.
D. auction markets.
Answer: B
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If workers in Mexico produce fewer goods and services per hour than workers in the United States in all areas of production, then
A) Mexico will benefit from trade with the United States, but the United States will not. B) the United States will benefit from trade with Mexico, but Mexico will not. C) neither Mexico nor the United States will benefit from trade with the other. D) both the United States and Mexico will benefit from trade with the other. E) it is unknown whether either country can benefit from trade with the other.
Refer to Scenario 1. Is the slope coefficient statistically different from zero?
A) No. B) Yes. C) Inconclusive. D) None of the above.