Imposing tariffs in cases of dumping
A) is allowed under the WTO agreement.
B) is not allowed under the WTO agreement.
C) has never occurred, even though it is allowed under the WTO agreement.
D) is not addressed by the WTO agreement.
A
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The demand for a monopoly's output is p = 200 - Q. The monopoly's production function is Q = 2L, and the market wage is $4. How many units of labor will the monopolist employ at its profit maximization level of output?
A) L = 49.5 B) L = 4623 C) L = 198 D) L = 10
Used car buyers will believe that a car is of good quality when the seller signals the car's high quality by offering a warranty when
A) a warranty on a lemon is costly to the seller. B) warranties are offered on all cars. C) warranties are only offered on lemons. D) a warranty on a good car is a false signal.
Which of the following would be considered an example of fiscal policy?
A. A reduction in income tax rates. B. Interest rate hikes generated by a reduction in the money supply. C. Provision of additional cash to the banking system. D. A broad government initiative to reduce the country's reliance on agriculture and promote high-technology industries.
Suppose a monopolist has TC = 40 + 10Q + Q2, and the demand curve it faces is p = 130 - 2Q. What is the monopolist's total cost (TC) at the profit-maximizing level of output?
A) TC = 320 B) TC = 640 C) TC = 720 D) TC = 840