In the factor payments approach to GDP, owners of capital receive
a. wages
b. salaries
c. rent
d. interest
e. profit
D
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Refer to the figure above. How many chairs does Lithasia import when the government imposes a tariff of $1 per unit?
A) 10 units B) 20 units C) 30 units D) 40 units
The chances of successful collusion are greatest when
a. firms are producing a differentiated product b. there are many firms in the industry c. there are tiny firms and huge firms together in the same industry d. demand curves and cost curves are similar among the firms in the industry e. demand is falling
Which of the following is a disadvantage of the U-form structure?
a. In case of multiple products sold in different markets, a U-form structure is difficult to maintain. b. A U-form structure requires a larger staff to evaluate top-level decision making than other organization structures. c. A U-form structure necessitates a multiple-level decision-making process. d. The amount of information that is considered for decision-making in a U-form structure is less than other structures.
The cost of owning a government bond is ________, and the benefit of owning one is ________.
A. interest earned; that it is not very liquid B. that it is as liquid as cash; interest earned C. that it is highly liquid;interest charged D. interest charged; that it is not very liquid