A country's economic welfare most directly depends on
A. what it can produce.
B. what its citizens can consume.
C. how many goods and services it exports.
D. how many goods and services it imports.
Answer: B
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A consequence of the quota that has been imposed on the importation of sugar into the United States is
A) competition in the U.S. sugar market is reduced. B) the market for sugar in the United States has become monopolistically competitive rather than oligopolistic. C) the cost of producing cereal, chocolate, and candy products in the United States is reduced. D) consumers are protected from eating unsafe products made from cheap imported sugar.
Suppose the per-unit production cost of a book is $4.00 and the retail price is $32
If the book publisher sells books to a bookstore at a 40 percent discount, what is the amount of the publisher's markup per book? Assume that bookstores sell books at the retail price. A) $12.80 B) $15.20 C) $19.20 D) $21.60
In the 1998 case, Microsoft argued that the low price they charged for Windows showed that ______.
a. they were engaged in predatory pricing b. their market power was limited c. they were too big to fail d. their competitors’ prices were discriminatory
Ted spread is
A) the difference between the riskless rate and the rate at which banks are willing to lend to each other. B) the difference between the riskless rate and the yield on corporate bonds. C) the difference between the riskless rate and return on stocks. D) none of the above