Which of the following explains the impact of the expansion of international trade on the demand for less skilled workers in the United States?
A. An increase in international trade has increased the demand for less skilled workers.
B. An increase in international trade has decreased the demand for less skilled workers.
C. An increase in international trade has had little impact on the demand for less skilled workers.
D. The impact of the expansion of international trade on the demand for less skilled workers in the United States varies from year to year.
Answer: B
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In the United States, doctors and hospitals that provide most health care are
A) 100 percent employed by the government. B) primarily private firms. C) split evenly between private firms and employed by the government. D) primarily employed by the government.
It is important that sales represent _________________________: that is, a fairly negotiated transaction that occurred under typical market conditions
Fill in the blank(s) with the appropriate word(s).
City Bank has $5 million in deposits, $600,000 in cash on hand, and no funds on reserve with the Fed. With a required reserve ratio of 10 percent, City Bank has ______ available to lend to borrowers.
a. $600,000 b. $100,000 c. $500,000 d. $4,500,000
Refer to Scenario 13.2 below to answer the question(s) that follow. SCENARIO 13.2: The government of Stratospheria is currently inviting investors to bid for the exclusive right to provide cable television service to its residents. The market demand for this service is P=55-0.01Q, where Q is the number of households that would subscribe to the cable service and P is the monthly fee charged to the subscribers. The associated marginal revenue curve is MR=55-0.02Q. Fun Cable Company is interested in bidding for the right to provide cable service in Stratospheria. It has a constant average and marginal cost of $5 for providing cable service to each household.Refer to Scenario 13.2. If Fun Cable Company were to be awarded the exclusive right to provide cable service in Stratospheria,
how much profit would it earn? A. $0 B. $62,500 C. $75,000 D. $112,500