As a result of the government procurement policy in the U.S.:
a. the domestic consumers are required to pay a higher price than the world price for the domestically produced goods.
b. the government wields the sole authority of importing goods from abroad.
c. the government wields the sole authority of exporting goods.
d. the domestic producers can charge the government a higher price for their products than they charge consumers.
e. the government is required to sponsor research and development for the domestic firms.
d
You might also like to view...
In general, the marginal cost curve
A) has a positive slope. B) has a negative slope. C) is horizontal. D) is vertical. E) is U-shaped.
In the Heckscher-Ohlin model, countries are assumed to differ only in terms of their
A) factor endowments. B) tastes and preferences. C) available technologies. D) factor productivities. E) physical size.
Which of the following activities are production?
A) combining flour, milk, and eggs to make cookies B) moving coal from southern Illinois to an electrical power plant in northern Illinois C) taking ice cubes from a tray to put in a drink D) All of the above are production.
Positive economics is a method of inquiry that attempts to explain the observable, and is limited to verifiable statements, while normative economics suggests a course of action that we should take based on a particular set of values and preferences
a. True b. False Indicate whether the statement is true or false