Two goods that are substitutes are
a. bacon and eggs
b. camera and film
c. tennis racket and tennis balls
d. movie theater tickets and DVD rentals
e. coffee and cream
D
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Which of the following is FALSE about services trade for India and China?
A) China exports more services than India does. B) India has a trade surplus in services. C) China has a trade surplus in services. D) India trades primarily information services and other business services.
Obstacles that restrict trade, either domestic or international, will
What will be an ideal response?
Health Bars is considering a two-year advertising campaign. The campaign will cost $50,000 at the end of the first year and $60,000 at the end of two years. The managers of Health Bars have estimated that the campaign will generate $40,000 a year in additional profit for the next three years. If the discount rate is 5 percent, what is the net present value of the advertising campaign?
A) $6,889 B) $2,542 C) $12,582 D) $5,200
An example of a stock variable in economic theory will be: a. the amount of money saved by an individual each week
b. the amount of money spent on buying gasoline each month. c. the weekly grocery bill of an average household. d. the total value of the government bond held by an individual. e. the total fiscal spending during a particular quarter.