Which of the following is most unlikely to lead to a reversal of a country's trade pattern?
A. A proportionate increase in output in all the sectors of the economy
B. International diffusion of technology
C. Shifting tastes of the country's consumers
D. Growth in the country's endowment of the input that is initially scarce
Answer: A
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If in 2016, a woman made $100,000 on the job, $20,000 from a consulting business she operated, and $10,000 in dividends on stock she owned, she would owe old-age Social Security taxes on
A. $87,000. B. $97,500. C. $130,000. D. $118,500.
The above table gives some production and cost information for Flaming Fernando's, a restaurant that sells Fiery Frijoles. What is the total fixed cost of producing 4,500 frijoles?
A) $1000 B) $8000 C) $9000 D) More information is needed to determine the answer.
__________ occurs because firm owners have an incentive to understate their true riskiness to borrow on a more favorable basis
A) Moral hazard B) Adverse selection C) Manager-stockholder conflict D) Manager-lender conflict
Which of the following would be classified as a public good?
A) state lotteries B) telephone service C) cable TV programming D) national defense