When a landscaping company decides to use drafting software and computers instead of hiring designers to draw design plans by hand, it is answering the ________ question
A) why
B) how
C) opportunity cost
D) for whom
E) what
B
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Usury laws lead to
A. a surplus of loanable funds. B. a shortage of loanable funds. C. a floor under interest rates. D. more lenders than borrowers.
If the home nation allows free trade but imposes a tariff on a product currently produced by a home firm monopoly, what is the outcome?
a. The home firm then will regain its monopoly control over the price. b. The home firm will be able to charge a higher price (world price + tariff), but it will become a price taker, just like a competitive firm. c. The home nation's firm will be able to limit quantity and charge a higher price. d. The monopoly firm will lower price, increase sales, and undercut the foreign competition.
When the dollar depreciates relative to the pound, the pound price of the dollar
A) increases. B) decreases. C) does not change. D) increases or decreases, depending on the amount of the depreciation. E) changes in the next period.
In the above figure, what is autonomous consumption?
A. $2.0 trillion B. $1.0 trillion C. $0.0 trillion D. $3.0 trillion