A decrease in the U.S. balance-of-payments surplus results when
a. Canadian citizens increase their shopping trips to the United States.
b. more U.S. citizens vacation in Chile.
c. French citizens stop buying Perrier and start buying U.S. mineral water instead.
d. the United States sells oil-drilling equipment to China.
b. more U.S. citizens vacation in Chile.
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Sharing contracts in franchising the marginal benefit of the effort
a. Increases b. Decreases c. Do not change d. Eliminates
In general, fiscal policy is used to:
A. make business cycle booms bigger and busts smaller. B. even out the booms and the busts in the business cycle. C. to reverse the pattern of booms and busts in the business cycle. D. make business cycle booms and busts both bigger.
What is an entrepreneur, and what decisions does an entrepreneur make in a market system?
What will be an ideal response?
When a monopolist sells two units of output its total revenue is $600. When a monopolist sells three units of output its total revenue is $630. In order to sell three units of output instead of only two, the monopolist must
A. increase its price by $30 per unit. B. make no change in price and increase output by one unit. C. decrease its price by $30 per unit. D. decrease its price by $90 per unit.