A consequence of increasing marginal costs of producing laptop computers in the United States is
A) the United States will not export laptop computers.
B) the United States will stop short of complete specialization in the production of laptop computers.
C) the United States will likely impose trade restrictions on imported laptop computers.
D) the United States will import laptop computers from countries that don't experience increasing marginal costs.
B
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In the long run, the nominal interest rate is
A) negatively related to the inflation rate. B) positively related to the inflation rate. C) negatively related to the price level. D) positively related to the price level. E) not related to the price level or the inflation rate.
Kyle and Stan are playing Odds or Evens, where Kyle is designated as the "odd" player and Stan is designated as the "even" player. They decide to play the game 10 times. If Stan plays his ideal mixture, Kyle's expected payoff is zero w
A) plays a pure strategy of "shoot 1." B) plays a pure strategy of "shoot 2." C) plays his ideal strategy. D) All of the above are correct.
The marginal income tax rate is equal to
A) the total tax payment divided by total income. B) the change in the tax payment divided by the change in income. C) the average tax payment divided by the total tax payment. D) the percent of total income that goes to taxes.
Unobserved influences on a regression are captured in the
A. error term. B. parameters. C. regression line. D. regression coefficient.