MNEs are attracted to regional trading groups because of their large market sizes and production locations, and because they ________.
A) are good sources for raw materials
B) implement trade restrictions
C) offer both internal and external tariffs
D) have very little competition
A) are good sources for raw materials
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Which of the following is TRUE for a single-price monopolist?
A) P > MR B) P < MR C) P = MR D) P = elasticity of demand
The demand curve for tickets to the George Winston concert (with special guest star, Kenny G) is given as follows: Q = 200 - 0.1P At a price of $30, what is the consumer surplus from concert tickets?
A) $0 B) $20 C) $2,000 D) $1,970 E) $194,045
Suppose a firm is considering producing zero units of output. We call this exiting an industry in the short run and shutting down in the long run
a. True b. False Indicate whether the statement is true or false
The difference between the equation of exchange and the quantity theory of money is that the
A. equation of exchange assumes that the level of real GDP is constant. B. quantity theory of money assumes that the Fed has no control over the money supply. C. equation of exchange assumes that the level of nominal GDP is constant. D. quantity theory of money assumes that velocity is virtually constant.