Repealing a tariff will likely
A) increase the quantity produced domestically, increase the quantity purchased domestically, and reduce the price charged domestically.
B) reduce the quantity produced domestically, increase the quantity purchased domestically, and reduce the price charged domestically.
C) reduce the amount produced abroad, reduce the price domestically, and reduce the quantity purchased domestically.
D) increase the amount produced abroad, increase the price domestically, and reduce the quantity purchased domestically.
B
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A put option gives the owner the
A) right to sell the underlying security. B) obligation to sell the underlying security. C) right to buy the underlying security. D) obligation to buy the underlying security.
Reserve requirements on bank deposits are set by
A) the SEC. B) the Federal Reserve board of governors. C) the Federal Reserve district banks. D) Congress.
When all else is held constant, during recessions government
(a) revenues and expenditures increase. (b) revenues increase and expenditures decrease. (c) revenues decrease and expenditures rise. (d) revenues and expenditures decrease.
Suppose a firm's short-run production function is given by Q = 3?L, where L represents the number of hours of labor employed. The firm has a sunk cost of $500 and the wage rate is $18 per hour. What is the firm's short-run cost function?
What will be an ideal response?