If net investment is zero, then
A. gross investment is less than depreciation.
B. depreciation is zero.
C. gross investment is greater than depreciation.
D. gross investment equals depreciation.
Answer: D
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If a firm charges different consumers different prices for the same product and the difference cannot be attributed to cost variations, then it is engaging in
A) markup pricing. B) cost-plus pricing. C) odd pricing. D) price discrimination.
Each seller's opportunity costs are:
A. determined monetarily, which is why they can never be zero. B. determined by a number of factors, none of which is monetary. C. determined by a number of factors, including monetary considerations. D. less than the monetary costs of manufacturing the good or service.
Which of the following situations will arise in the domestic market following the imposition of an import quota?
A. imports increase, domestic production decreases, prices decrease B. imports decrease, domestic production increases, prices decrease C. imports decrease, domestic production decreases, prices increase D. imports decrease, domestic production increases, prices increase
Refer to the given information. Which one of the following would not be feasible terms for trade between Singsong and Harmony?
Answer the question on the basis of the following information about the cost ratios for two products—fish (F) and chicken (C)—in countries Singsong and Harmony. Assume that production occurs under conditions of constant costs and these are the only two nations in the world. Singsong: 1F = 2C Harmony: 1F = 4C A. 1 fish for 2½ chicken B. 1 fish for 3 chicken C. 1 chicken for 1/5 of a fish D. 1 chicken for 1/3 of a fish