In recent decades, international trade has been
a. a constant percentage of U.S. GDP
b. a declining fraction of U.S. GDP
c. an increasing fraction of U.S. GDP
d. declining as measured by total dollars spent
e. constant as measured by total dollars spent
C
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Peter's Pizzeria sells both pizzas and wings. It wants to increase the sales of its pizzas. Assuming that the pizza and the wings are complements, which of these strategies can it employ?
a. Increase the price of the wings b. Decrease the price of the wings c. Increase the quality of the pizza d. Both B & C
XYZ Corporation plans to open a manufacturing plant in China, but the company has not retained any of its yearly profits for this purpose. How will XYZ Corporation likely raise the money to finance its offshore expansion?
a. Selling bonds to institutional investors b. Selling bonds to municipal households c. Issuing Treasury bills to stakeholders d. Encouraging momentum selling of its stock
Splitting money across different investments (diversification) reduces risk but also reduces the rate of return, according to the risk-return principle.
Answer the following statement true (T) or false (F)
Suppose all individuals are identical, and their monthly demand for Internet access from a certain leading provider can be represented as p = 5 - (1/2)q where p is price in $ per hour and q is hours per month. The firm faces a constant marginal cost of $1. Profit-maximizing two-part pricing yields total revenue of
A) $24. B) $40. C) $16. D) $32.