“Cream skimming” usually results in
A. cross-subsidization of markets.
B. subsidies to rural consumers of the service.
C. regulations to provide universal service.
D. monopoly.
Answer: C
Economics
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In the short run (specificfactors) model FDI in the a country's manufacturing sector will cause its production possibility frontier:
a. to shift outward for both sectors. b. to shift inward. c. to shift outward for manufacturing only. d. to stay the same.
Economics
Using the data in the table above, when the price of a skirt rises from $20 to $35, what is the price elasticity of demand? (Use the midpoint method.)
A) 0.33 B) 0.25 C) 1.00 D) 1.33 E) 3.00
Economics