In the long run, imports are paid for by
A. gold or other universally accepted monies.
B. investment.
C. dollars.
D. exports.
Answer: D
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The above figure shows the domestic market for wheat. Suppose this market is isolated from global competition. The with no government intervention, the equilibrium price is ________ and the equilibrium quantity is ________
A) $15 per ton; 100 million tons B) $14 per ton; 250 million tons C) $12 per ton; 300 million tons D) $12 per ton; 250 million tons E) $15 per ton; 400 million tons
Suppose you plan to retire in eight years, but your boss would like you to earn an online MBA in order to take on a new managerial position
The firm will continue to pay your salary while you are working through the online courses, and the new position pays an additional $15,000 per year. The online MBA tuition is $35,000 per year, and your discount rate is 5%. Should you complete the degree? A) No, the net present value of the degree is negative. B) Yes, the net present value of the degree is about $4,300 C) Yes, the net present value of the degree is about $20,000 D) We do not have enough information to answer this question.
In 2005, women received just under 50% of the degrees in law and medicine
Indicate whether the statement is true or false
If a firm decreases production, then its:
A. variable costs rise. B. total costs increase. C. fixed costs stay the same. D. All of these are true.