Is the call for protection on the basis of national defense valid?

a. No, because protection has no place in national defense.
b. No, protection is always improper.
c. Uncertain, economic theory has no answer to this question.
d. Yes, although it can be overstated and abused.


d

Economics

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Samuelson and Solow believed that the Phillips curve offered policymakers a menu of possible economic outcomes

a. True b. False Indicate whether the statement is true or false

Economics

The study of aggregate economic behavior is referred to as:

A. Microeconomics. B. Macroeconomics. C. Government policy. D. The business cycle.

Economics

A cloth manufacturing firm is deciding whether or not to invest in new machinery. The machinery costs $45,000 and is expected to increase cash flows in the first year by $25,000 and in the second year by $30,000 . The firm's current fixed costs are $9,000 and current marginal costs are $15 . The firm currently charges $18 per unit. If the interest rate is 5% then the present value of the cash flows is

a. $6,020.41
b. $51,020.41
c. -$7,380.95
d. $10,000

Economics

The maximum price that a buyer is willing to pay for a good measures his

A) consumer surplus. B) marginal benefit. C) willingness to pay. D) producer surplus.

Economics