Opening this economy to trade would benefit ________ and harm ________.
A. domestic TV producers; domestic TV consumers
B. everyone; no one
C. no one; everyone
D. domestic TV consumers; domestic TV producers
Answer: D
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Which of the following is true?
A) The gap between the income per capita of U.S and the income per capita of poorer countries is small when exchange rate-based measures are used. B) The gap between the income per capita of U.S and the income per capita of poorer countries is large when PPP-based measures are used. C) Exchange rate-based measures of income per capita are identical to PPP-based measures. D) Exchange rate-based measures of income per capita differ from PPP-based measures of income per capita.
If the Fed increases interest rates, other things remaining the same, foreigners demand ________ dollars, thereby ________ the exchange rate
A) more; decreasing B) fewer; increasing C) the same number of; not affecting D) fewer; decreasing E) more; increasing
In theory, perfect price discrimination
a. decreases the monopolist's profits. b. decreases consumer surplus. c. increases deadweight loss. d. reduces the number of consumers who purchase the monopoly's product.
Refer to the graph shown of average costs for a firm. This firm exhibits:
A. X-inefficiency. B. economies of scale. C. diseconomies of scale. D. profits.