The largest quota subscriber of the International Monetary Fund (IMF) is
A) Japan.
B) Germany.
C) the United States.
D) China.
C
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If a marginal cost pricing rule is imposed on the firm in the figure above, the firm will produce
A) 5 units. B) 20 units. C) 30 units. D) 40 units.
For some economists, it is hard to refute the validity of the war-induced theory of business cycles because for World War I, World War II, and the Korean War, the war- induced expansion came
a. when the economy was in the upswing or peak phase of an already existing cycle b. when the economy was in the upswing or trough phase of an already existing cycle c. when the economy was in the downswing or trough phase of an already existing cycle d. when the war was already over, causing a downswing in an already existing cycle e. in the aftermath of each war
Students of microeconomic principles often say they are going to study "tonight," because the only way to pass the exam is to study some every night. When "tonight" comes, some students choose to do something else. Come exam day, these students do not do well on their exam. This observation is an example of how people
a. are inconsistent over time. b. are consistent over time. c. are mainly interested in fairness. d. are rational.
The United States placed a limit on the amount of cars that can be imported into the United States. This is an example of
A. a tariff. B. dumping. C. an export subsidy. D. a quota.