The United States has free trade agreements with what countries?
a. Canada and Mexico
b. Canada, Mexico, Great Britain
c. Canada, Israel, Jamaica, Bahamas
d. Canada, Mexico, Israel
d. Canada, Mexico, Israel
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Normal profit is
A) part of the firm's opportunity costs. B) the same as economic profits. C) part of the firm's explicit costs. D) Answers A and B are correct. E) Answers A and C are correct.
Advocates of fixed rules believe that politicians focus more on re-election than on sound policy
a. True b. False Indicate whether the statement is true or false
Hunter is an ambitious, competitive person who has always tried to be the best at everything he does. Consider the following job options facing Hunter and choose the option that will likely afford him the highest wage
a. elementary school teacher who works 9 months of the year b. manager in a large firm who earns an annual salary with no potential for bonuses or commissions c. salesperson who earns a small base salary plus a percentage of the sales he makes d. local television news anchor who works during the day
Suppose there are four firms in an industry. The market shares of the four firms are 5 percent, 20 percent, 35 percent, and 40 percent. The Herfindahl-Hirschman index for that industry is
A) 6,650. B) 3,250. C) 1,250. D) 100.