You own $10,000 in personal property, $3,000 in Corporation A stocks, $1,000 in U.S. Savings Bonds and have $500 in your checking account. If Corporation A goes bankrupt, the most you could lose is
A) $13,500.
B) $11,500.
C) $3,000.
D) $500.
Answer: C
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The United States exports a good if its no-trade U.S. price is ________ its world price. With international trade, U.S. production of the good ________ compared to the level of no-trade production
A) the same as; does not change B) lower than; increases C) the same as; increases D) higher than; increases E) higher than; does not change
Refer to Table 16-3. Suppose Julie's marginal cost of providing this service is constant at $7 and she charges $7. How many hours will be purchased and what is her total revenue?
A) 5 hours; total revenue = $35 B) 4 hours; total revenue = $28 C) 3 hours; total revenue = $21 D) 2 hours; total revenue = $14
The labor force participation rate is
a. the civilian labor force as a percentage of the civilian non institutional population. b. the non institutional population as a percentage of the total labor force. c. the civilian labor force as a percentage of the total labor force. d. employed workers as a percentage of the civilian non institutional population.
Severe adverse-selection problems may result in
a. too few good used cars being offered for sale. b. wages that are too low relative to equilibrium levels. c. too many good drivers buying too much automobile insurance. d. people with average health buying too much health insurance.