In the figure above, Nike's economic profit is ________
A) $3,000
B) $1,800
C) $9,000
D) zero
A
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The United States produces ____ of what it consumes, and consumes ____ of what it produces.
A. little; little B. little; most C. most; little D. most; most
Why do most economists favor emissions taxes and transferable pollution rights over compliance standards as pollution deterrents?
If a four-firm concentration ratio in an industry equals 75 percent, this implies that
a. 75 percent of all profits in the industry accrue to the leading four firms b. 25 percent of sales in the industry are accounted for by the four leading firms c. the four firms represent 75 percent of all the firms in the industry d. the four firms represent 25 percent of all the firms in the industry e. 75 percent of all sales in the industry are accounted for by the four leading firms
Which of the following indicates the difference between the volume of exports and imports of a product?
A. Total trade B. Terms of trade C. Intra-industry trade D. Net trade