In which case will the transition from short run to long run involve the shortest chronological time?
a. a service that provides temporary secretaries to companies
b. an automobile factory
c. a farm
d. an electric utility
a
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A tariff is a tax that is imposed by the ________ country when an ________ good crosses its international boundary
A) exporting; imported B) importing; exported C) exporting; exported D) importing; imported
The concept of ________ explains how trade between two countries can make each better off
A) absolute advantage B) autarky C) trade barriers D) comparative advantage
The corporate income tax in the United States
A) excludes dividends paid out. B) only taxes retained earnings. C) results in individuals' being doubly taxed on corporate earnings. D) does not apply to profits earned on exports.
Although checking deposits are considered money, they are actually
A. fictitious numbers in persons’ checkbooks. B. backed by commodities like gold. C. not very useful for making payments. D. bookkeeping entries in bank balance sheets.