The wage earned by a domestic resident for working in a foreign company for a month is an example of a(n) ________
A) factor payment from foreigners B) transfer payment from foreigners
C) export by the domestic resident D) import by the domestic resident
A
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In a two-sided market with network effects, the platform will most likely
A) set the same prices for the two sides of the market. B) set different prices for the two sides of the market. C) set a price of zero for both sides of the market. D) combine the two groups of the market before setting its price.
Big Ol’ Robots is a family company that has been in business for more than 15 years. The company has decided to incorporate. What will this mean for the ownership of the firm?
a. The corporation will be owned by its shareholders. b. The company’s owners will reinvest profits to obtain more capital. c. Venture capitalists will own a significant stake in the company. d. The original owners will step down and no longer be part of the company.
A price floor set above an equilibrium price tends to cause persistent imbalances in the market because
a. Quantity demanded exceeds quantity supplied but price cannot rise to remove the shortage. b. Quantity demanded exceeds quantity supplied but price cannot fall to remove the surplus. c. Quantity supplied exceeds quantity demanded but price cannot rise to remove the shortage. d. Quantity supplied exceeds quantity demanded but price cannot fall to remove the surplus.
If the output is too low, to achieve the medium run equilibrium, the central bank will
A) increases policy rate. B) reduces policy rate. C) increase money supply. D) increases inflation rate.