A country recently had a trade deficit of $2.5 trillion and purchased $3 trillion of foreign assets. How many of its assets did foreigners purchase?
$5.5 trillion
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The principal-agent problem of ownership vs. control of the corporation arises when owners and managers
A) are the same people. B) pursue objectives that differ from those their customers wish them to pursue. C) pursue objectives that differ from those their workers wish them to pursue. D) pursue objectives that differ from those the government wishes them to pursue. E) pursue different objectives.
A major difference between a monopolist and a perfectly competitive firm is that
A) the monopolist is certain to earn economic profits. B) the monopolist's marginal revenue curve lies below its demand curve. C) the monopolist engages in marginal cost pricing. D) the monopolist charges the highest possible price that he can.
Which of the following examples would lead to a demand for German marks? a. Judy Potter, an American, wants to purchase a German automobile
b. Jim Potter, Judy's husband, wants to purchase German stocks. c. IBM, Judy's employer, wants to buy a small computer firm in Germany. d. All of the above.
Assuming that Houston uses a flat fee pricing system for trash services, the equilibrium quantity of MSW services provided is
Use the following forany or all of Questions 11 through 13 below. Consider the following model of the municipal solid waste (MSW) services market in the city of Houston. MSC = 1.5 + 1.25Q MSB = 30 – 2.5Q MEC= 0.75Q MEB= 0 whereQ is the number of trash containers serviced per household per month. a. 12 c. 0 b. 1.2 d. 3