In the figure above, with international trade the United States ________ million T-shirts per year
A) imports 20 B) exports 20 C) imports 40 D) imports 60 E) exports 40
The figure above shows the U.S. market for airplanes, where SUS is the domestic supply curve and DUS is the domestic demand curve. The United States trades freely with the rest of the world. The world price of an airplane is $150 million.
C
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New growth theory supports the idea that
I. economic growth can continue as long as we keep finding new ideas. II. increases in human capital can lead to greater rates of economic growth. A) I only B) II only C) Both I and II D) Neither I nor II
If two firms have different abatement costs, in a system of marketable pollution permits:
A. the firm with lower abatement costs will sell permits to the firm with higher abatement costs. B. the firm with lower abatement costs will purchase permits from the firm with higher abatement costs. C. no voluntary exchange that makes both firms better off is possible. D. voluntary exchange will occur, but it is impossible to determine which firm will be the seller and which will be the purchaser.
Based on the figure above, what is the price of a can?
A) $0 B) $8.00 per can C) $5.10 per can D) None of the above prices is correct. E) More information is needed to determine the price of a can.
The first column of the following table describes the price movement of AOL Corporation stock over a five-year period. The second column gives the period's consumer price index
Calculate the real value of the stock for each time period using year 5 as the base year. If you purchased $1,000 worth of AOL Corporation in year 1, what has happened to the purchasing power of your original $1,000 investment when you sell the stock in year 5? Year AOL CPI 1996 $4.00 147.8 1997 $3.84 155.3 1998 $7.00 163.0 1999 $37.00 165.4 2000 $70.00 172.1