Refer to Figure 18.2. In autarky, the maximum amount of fishing poles that Macadamia can produce is
A) 40. B) 100. C) 120. D) 160.
C
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Who does not want a tariff?
(a) Consumers of imported goods (b) Domestic businesses producing goods that compete with the imported goods (c) Politicians trying to garner domestic support from the import-competing domestic industries (d) The federal government
Which of the four types of decision makers in the U.S. economy plays the largest role?
a. U.S. firms and government because they produce the products that households consume b. U.S. households because they supply goods to the product markets and are demanders in resource markets c. foreign households, firms, and governments because they greatly outnumber those of the United States d. U.S. firms and government because they create employment for domestic households and produce goods and services e. U.S. households, as buyers in product markets and sellers in resource markets
Resource price differentials that do not trigger the reallocation of resources are known as
a. temporary differentials b. market differentials c. conditional differentials d. permanent differentials e. sustainable differentials
The cost of capital from different sources is called the weighted average cost of capital
Indicate whether the statement is true or false