A. Sweden
B. Australia
C. Netherlands
D. Switzerland
Related Mcqs:
- Which country is the source of Stilton cheese ?
A. England
B. Norway
C. Scotland
D. Swaden - Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?
XA. wages and rents should fall in Country A
B. wages and rents should rise in Country A
C. wages should rise and rents should fall in Country A
D. wages should fall and rents should raise in Country A - A tax of 20 rupees per unit of imported cheese would be an example of a (an) ?
A. Compound tariff
B. Effective tariff
C. Ad valorem tariff
D. Specific tariff - Which state is in the US produces the most blueberries ?
A. New York
B. Alabama
C. Texas
D. New Jersey - When an oligopolist individually chooses its level of production to maximize its profits, it produces an output that is ?
A. more than the level produced by a monopoly and less than the level produced by a competitive market
B. less than the level produced by a monopoly and more than the level produced by a competitive market
C. less than the level produce by either monopoly or a competitive market
D. more than the level produced by either monopoly or a competitive market - When a monopolist produces an additional unit, the marginal revenue generated by that unit must be ?
A. below the price because the price effect outweighs the output effect
B. above the price because the output effect outweighs the price effect
C. above the price because the price effect outweighs the output effect
D. below the price because the output effect outweighs the price effect - A profit maximizing firm is perfect competition produces where ?
A. Total revenue is maximized
B. Marginal revenue equals zero
C. Marginal revenue equals marginal cost
D. Marginal revenue equals average cost - A competitive firm produces a level of output at which ?
A. Price is greater than marginal cost
B. price equals marginal cost
C. price is less than marginal cost
D. None of the above - The competitive firm maximize profit when it produces output up to the point where ?
A. price equals average variable cost
B. marginal revenue equals average revenue
C. marginal cost equals total revenue
D. marginal cost equals marginal revenue - In low-income countries the average agricultural family produces a surplus ?
A. enough to supply only a small nonagricultural population
B. of zero
C. large enough of feed five other families
D. large enough to feed 25 other families
