Individual investors can reduce transactions costs by
A) buying common stock rather than bonds.
B) combining their purchases through an intermediary.
C) common stocks directly, rather than through a mutual fund.
D) making loans directly, rather than depositing funds in a bank.
B
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Countervailing duty cases involve allegations of
A) foreign monopoly pricing. B) foreign export subsidies. C) foreign barriers to U.S. exports. D) All of the above.
The United States' comparative advantage over Japan in the production of rock-n-roll music implies that (for a similar quality of music) the
A) opportunity cost of production is less in Japan. B) absolute cost of production is less in the United States. C) absolute cost of production is less in Japan. D) opportunity cost of production is less in the United States. E) None of the above.
Which always increase(s) as output increases?
A) Marginal Cost only B) Fixed Cost only C) Total Cost only D) Variable Cost only E) Total Cost and Variable Cost
Improvements in the productivity of labor will tend to: a. increase the supply of labor. b. increase wages
c. decrease the supply of labor. d. decrease wages.