In Japan most garbage is
a. either recycled or burned
b. recycled
c. burned
d. deposited in landfills
e. used for fuel
A
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The main input into the production of Starbuck’s coffee is imported coffee beans. If the dollar depreciates, how will this affect the U.S. retail coffee market?
A. Input prices will fall and supply will decrease. B. Input prices will fall and supply will increase. C. Input prices will rise and supply will decrease. D. Input prices will rise and supply will increase.
Refer to the scenario above. Suppose a new legislative policy decreases the fine for speeding to $50. A reduction in the fine to $50:
A) makes it profitable for you to bribe. B) makes it profitable for Joe to bribe. C) changes the outcome of the game. D) will not change your dominant strategy.
Since World War II, world trade has
A) decreased in importance as nations turn inward due to security concerns. B) increased, but not as dramatically as annual world real GDP has climbed. C) risen sharply, outpacing gains in annual world real GDP. D) increased in relative importance for most nations, but not for the United States.
Estimates are that tradable goods in the U.S. account for approximately what share of GDP in the U.S.?
A) 10% B) 16% C) 25% D) none of the above