The argument that trade in high-tech equipment can facilitate the implementation of advanced military technology in countries that may become strategic opponents later on is the
A. infant industry argument.
B. national security argument.
C. environmental and safety argument.
D. protecting domestic jobs argument.
Answer: B
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Several people in Neonland are expecting a sharp rise in the unemployment rate in the near future. Which of the following is likely to happen in this case?
A) The labor demand curves of firms in Neonland will shift rightward. B) Neonland's GDP will fall. C) Current consumption by households will increase. D) Investment by firms will increase.
Antitrust laws attempt to
A) support prices at high levels so firms can earn profits. B) establish minimum wages. C) prevent monopolies or collusion. D) enforce fair trade laws.
The present value of a $5,000 cash gift to be received four years in the future, given an annual interest rate of 6 percent, is (to the nearest dollar)
A) $4700. B) $4717. C) $6312. D) $3960.
What is the marginal cost of producing the third unit?
a. 60 b. 70 c. 90 d. 110