Where does the United States stand as a participant in international trade?
(A) It is the largest exporter and importer.
(B) It is the largest exporter but not the largest importer.
(C) It is the largest importer but not the largest exporter.
(D) It is the second largest importer and exporter.
Ans: (A) It is the largest exporter and importer.
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Employees at Xeta Inc are divided into teams and each team is then assigned work. However, the management often finds it difficult to measure the level of effort each worker provides as the output is generated by the team as a whole
What can the management do to motivate workers to refrain from shirking?
Is it possible in the present to produce at a point that is outside the production possibilities frontier? Why or why not? With the passage of time how might a point outside the present production possibilities frontier be possible?
What will be an ideal response?
The price of Y is $10.According to the above figure, if the price of X is $5, what combination of X and Y will a utility-maximizing consumer choose?
A. 120X, 250Y B. 200X, 620Y C. 80X, 20Y D. 120X, 620Y E. none of the above
The following graph shows the production possibilities curve for the economy with only two members, Silvia and Art. Silvia can produce either 50 pounds of beef or 2 computers per week, and Art can produce 100 pounds of beef or 1 computer per week. Both of them work 40 weeks per year.
Silvia's opportunity cost of producing one pound of beef is ________ computer(s).
A. 25 B. 50 C. 1/50 D. 1/25