The inevitable cost of protecting domestic industries from foreign competition will be higher prices for domestic consumers
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Which of the following is most likely to be a variable cost in the short run?
a. A fee paid to obtain a license. b. The cost of owning machinery. c. The energy costs of running a factory. d. Rent payments for office space.
Economics
The high unemployment of 2008-2010 caused a substantial decrease in inflation which created fears of deflation
a. True b. False Indicate whether the statement is true or false
Economics
Between 1961 and 1972, the federal government spent as much on ______ as it did on building highways.
A. welfare B. space exploration C. Medicare D. crop subsidies
Economics
What is the present value of $100 three years from now at an interest rate of 5%?
A) $85 B) $115.76 C) $90.70 D) $86.38
Economics