If the tariff on computers is not changed, but domestic computer producers shift from domestically produced semiconductors to imported components, then the effective rate of protection in the computer industry will
A) increase.
B) decrease
C) remain the same.
D) depend on whether computers are PCs or "Supercomputers."
E) no longer apply.
A
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Negative net exports represent reduced investment because
A) payments for imports will be used by foreigners to buy domestic goods in the future. B) payments for exports will be used by foreigners to buy domestic goods in the future. C) payments for imports will be used by U.S. citizens to buy domestic goods in the future. D) None of the above.
A person starts his own business after quitting his job in which he made $75,000. Expenses include $100,000 for wages and salaries, which includes a wage for the owner of $75,000, utilities of $5000, equipment of $50,000, and materials of $40,000
If revenues are $200,000, his accounting and economic profits are respectively A) $80,000 and $5000. B) -$70,000 and -$70,000. C) -$70,000 and $5000. D) $5000 and $5000.
Executives should
A) spend an additional dollar on an activity if consumers value it by more than a dollar. B) do more of something if marginal revenue is positive. C) pend an additional dollar on an activity if consumers value it by less than a dollar. D) do more of something if average revenue is greater than zero.
Sources of water runoff include
a. farms b. highways c. publicly owned treatment works d. all of the above e. (a) and (b)only