Suppose a country had $3.5 billion of net exports and bought $6.8 billion of goods and services from foreign countries. This country would have
a. $10.3 billion of exports and $6.8 billion of imports.
b. $10.3 billion of imports and $6.8 billion of exports.
c. $6.8 billion of exports and $3.5 billion of imports.
d. $6.8 billion of imports and $3.5 billion of exports.
A
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Free access and unrestricted mining of iron soon led to the depletion of the once abundant iron ores in Rockland. As a result, several economic activities were adversely affected
What caused the overexploitation of these resources when their conservation could have benefited all consumers?
The figure above shows the costs associated with producing paper. When paper is produced, there is some pollution runoff into a lake. Without regulation, ________ tons of paper will be produced and the price will be ________ per ton
A) 3; $150 B) 4; $100 C) 4; $200 D) None of the above answers is correct.
When Airbnb customers in Malibu start paying hotel taxes, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency. This would have a tendency to
A) decrease producer surplus and decrease deadweight loss. B) decrease consumer surplus and increase deadweight loss. C) maximize consumer surplus and minimize producer surplus. D) increase consumer surplus and increase producer surplus.
The profits a corporation keeps to finance future expansion are known as
A) preferred stock. B) dividends. C) retained earnings. D) capital gains.