Boyce Dynamics, a U.S. maker of LED flashlights, fills unsolicited orders from foreign buyers. It has not proactively investigated international trade options. Boyce Dynamics is best categorized as a ________.
A) regular exporter
B) non-exporter
C) sporadic exporter
D) domestic exporter
C) sporadic exporter
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An individual's value for a good or service is the
a. The amount of money he or she used to pay for a good b. The amount of money he or she is willing to pay for it c. The amount of money he or she has to spend on goods d. None of the above
One reason why better-looking workers may have higher earnings is that physical attractiveness is correlated with intelligence
a. True b. False Indicate whether the statement is true or false
A college student decides to spend the afternoon watching three movies rented from Red Box. The cost of each movie is $1. The student was willing to pay $4 to rent each of the first two movies and $2 to rent the third movie. What was the marginal benefit received by the student when renting the 1st movie?
A. $4 B. $8 C. $1 D. $2
At the point where C line crosses the 45-degree line, saving is
A. positive. B. negative. C. zero. D. there is not enough information to know this.