Import quotas and tariffs both cause the quantity of imports to fall
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following would decrease net exports in the United States?
A) A Mexican citizen purchases 100 shares of stock in IBM. B) The U.S. government donates $25 million to Mexico to help victims of a hurricane in Mexico. C) An American party planner purchases 350 piñatas from Mexico. D) The government of Mexico purchases 2,000 Dell laptop computers from the United States.
A firm replaces a machine by hiring 3 hourly production workers instead. a. Both its fixed and variable costs will fall
b. Both its fixed and variable costs will rise. c. Its fixed costs will rise and its variable costs will fall. d. Its fixed costs will fall and its variable costs will rise.
The Celler-Kefauver Act made it illegal to
a. provide selective discounts b. set prices below marginal cost c. conspire to collude d. buy a competitor's patents, plants, or equipment e. price discriminate
Moral hazard encourages people to take risks
a. True b. False Indicate whether the statement is true or false