Which of the following is a reason why German per capita energy consumption is significantly lower than American per capita energy consumption?
A. German homes tend to be larger.
B. Germany is a smaller country.
C. German consumers pay hefty fees for overuse of energy.
D. German homes have energy-efficient appliances.
Answer: B
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Refer to Table 9-11. Which country has a comparative advantage in producing clocks?
A) Belize B) Denmark C) both countries D) neither country
In 2012, all of fast-food chains expanded their hours of operation, with nearly 40% of all McDonald's restaurants being open 24 hours per day. This strategy was aimed at increasing sales because:
A) it was estimated that nearly one-fifth of all employed Americans worked primarily in the evening contributing to the demand for fast-food in late hours. B) it was estimated that consumers who shop at night tend to be more price sensitive. C) it was believed that longer hours of operation would lead to greater brand loyalty. D) none of the above.