The United States imports heavily in all of the following markets except
A. Aluminum.
B. Coffee.
C. Chromium.
D. Aircraft.
Answer: D
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Critically evaluate the following statement: Government policies to keep the price at which staple foods are bought and sold low helps to reduce poverty and inequality
What will be an ideal response?
Which of the following would appear on the liability side of the balance sheet of a commercial bank?
a. demand and other transaction deposits b. loans outstanding c. U.S. government securities d. vault cash
If air pollution control is a public good, it follows that:
A. additional persons can benefit from a given amount of air pollution control without reducing the benefits enjoyed by others. B. the efficient output of air pollution control is zero. C. the more air pollution control enjoyed by any one person, the less is available to others. D. the efficient output of air pollution control can be attained by selling it by the unit in a market.
Marco goes to the pet store to buy a dozen Koi fish for his new Koi pond. He is willing to pay $200 for the dozen fish, but buys them for a total of $140. Marco's consumer surplus from the purchase is
A) $5. B) $60. C) $140. D) $200.