Suppose the United States imports coffee from Brazil. Which of the following is a likely impact of this trade?
a. The owners of the land used to grow coffee in the United States will be worse off
b. The producers of coffee-flavored candies in the United States will face higher costs of production.
c. The consumers of coffee in the United States will face a higher market price.
d. The workers in coffee plantations in the United States will be better off.
a
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If a market system is functioning well, we can conclude that goods with
A. high opportunity costs tend to have high money costs. B. low opportunity costs tend to have high money costs. C. high opportunity costs tend to have low money costs. D. low opportunity costs tend to have zero money costs. E. high opportunity costs tend to have zero money costs.
Which of the following is a government-inhibited good?
A) a lighthouse B) national defense C) public education D) cocaine
All of the following are sunk cost investments that precommit an incumbent to aggressively defend market share and the cash flow prior to threatened entry except
a. reputational investments in company logos (e.g., Beatrice) b. automobile showrooms c. retail displays which hold only L'eggs egg-shaped hosiery packages d. neon signage for an independently owned Krispy Kreme store e. excess capacity in a declining industry
When a central bank aggressively tries to contain inflation via contractionary monetary policy, which condition is most likely to occur?
A. Disinflation B. Inflation C. Deflation D. Underinflation