How is the Agreement on Textiles and Clothing impacting trade today?
What will be an ideal response?
It phased out quotas as of 2005, but allows for temporary restrictions which the U.S. and EU have used regarding Chinese clothing exports.
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Which of the following results in a movement along the supply curve of spinach but does not shift the supply curve of spinach?
A) disastrous weather that destroys half of this year's spinach crop B) a rise in the price of spinach C) an increase in wages for workers in spinach fields D) great weather that produces a bumper spinach crop this year
The law of demand states that as the price
a. increases, total quantity demanded will increase. b. decreases, total quantity demanded will decrease. c. increases, total quantity demanded will decrease. d. increases, total quantity demanded will stay the same.
John is trying to decide how to divide his time between his job as a stocker in the local grocery store, which pays $7 per hour for as many hours as he chooses to work, and cleaning windows for the businesses downtown. He makes $2 for every window he cleans. John is indifferent between the two tasks, and the number of windows he can clean depends on how many hours he spends cleaning in a day, as shown in the table below: What is John's opportunity cost of cleaning windows for an hour?
A. $14 B. $2 C. $8 D. $7
A legal claim entitling the owner of the claim to fixed annual payments and a lump-sum payment is called a(n)
A) equity share. B) bond. C) stock. D) debit.