Outsourcing allows a company to take advantage of the ________ of other countries, and in doing so it can produce its products at a lower cost
A) trade imbalances B) comparative advantages
C) market failures D) diminishing returns
B
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The government of Putania spent $67,000,000 in a particular year, and the total tax receipts of the government in that year were $120,000. Calculate the budget deficit
A) $600,000 B) $680,000 C) $67,120,000 D) $66,880,000
When total utility is rising but at a decreasing rate what must be happening to marginal utility? When will total utility stop rising?
What will be an ideal response?
Which of the following is always associated with monopolistic competition?
a. Identical products b. Economic profits in the short run c. MR lies above the demand curve d. Demand curves become more inelastic as new entry occurs e. Product differentiation
A real estate salesperson sells a house in 2011 that was built in 1994 . How does this transaction get counted in the GDP statistics?
a. The price of the house and the real estate salesperson's commission are both included in 2011's GDP. b. Neither the price of the house or the commission is included in 2011's GDP. c. The real estate salesperson's commission but not the price of the house is included in 2011's GDP. d. The price of the house would be included in both 1994's GDP and the GDP for 2011.