The Taiwanese government allows tax credits for domestic producers who compete with manufacturers in First World nations. This suggests that Taiwan engages in _____
a. trade protectionism
b. export substitution
c. foreign exchange market intervention
d. import substitution
e. voluntary export restrictions
b
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Assume that there is rent control in Chicago. Which of the following is true?
A) All consumers in the rental market will benefit because the rent will be lower. B) The total surplus will fall because there will be a shortage of apartments. C) The total surplus will rise because consumer surplus will increase. D) Consumer surplus will increase and as a result all consumers in the rental market will benefit.
Which of the following is (are) a guideline(s) to be used in the estimation of cash flows?
a. cash flows should be measured on an incremental basis b. cash flows should be measured on an after-tax basis c. all the indirect effects of the project should be included d. all of the above e. none of the above
If we wanted to prove that macaroni is an inferior good, we would test the __________ of macaroni and get a __________
a. cross-price elasticity; negative number b. income elasticity; number less than 1 c. income elasticity; positive number d. price elasticity of demand; number greater than negative 1 e. income elasticity; negative number
If a manager wishes to produce a large level of output, which compensation mechanism is most effective?
A. Revenue sharing B. Piece rate C. Profit sharing D. Spot check