The new European Economic Community, after it changed its name to the European Communities, tackled two issues related to:
A) enlargement (expansion) of the European Communities and economic integration between members.
B) immigration and terrorism.
C) secret Nazi cells and latent communism.
D) unemployment and inflation.
Ans: A) enlargement (expansion) of the European Communities and economic integration between members.
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What is the most innovative feature of the International Criminal Court (ICC)?
a. Its focus is on the individual criminal, not the state. b. Its authority affects every nation on earth, not just voluntary members. c. Its decisions are made by an international jury, not a panel of judges. d. Its goal is to safeguard human rights, not punish criminal behavior.
Assume a perfectly competitive firm is producing a level of output at which MR < MC. What will happen as the firm moves to its profit-maximizing equilibrium?
A) Marginal revenue will rise. B) Marginal revenue will fall. C) Marginal cost will rise. D) Marginal cost will fall.