U.S. automakers have an interest to make it more difficult for European competitors to locate assembly plants in Canada or Mexico and thereby ship finished automobiles to the United States duty-free. This is an example of
A) trade deflection.
B) trade diversion.
C) quotas.
D) rules of origin.
Answer: D
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A monopsonist firm faces a negatively sloped marginal factor cost curve
a. True b. False Indicate whether the statement is true or false
The foundational principle that makes insurance companies work is called:
A. risk assignment. B. risk analysis. C. catastrophic causation. D. risk pooling.
Your roommate tells you she's going to join the gym next week. A week and a half goes by and you ask her how the gym is going, and she tells you she's going to wait until the following week. Your roommate's preferences are:
A. better today than tomorrow. B. mistakes. C. time inconsistent. D. considered bad choices.
The corn basis in Nevada is about -$0.30/bu. The corn basis in Gilbert is about -$0.20/bu. Where should a corn farmer living in Ames, halfway between Nevada and Gilbert, ship his corn to make the most money?
A. Nevada. B. Gilbert. C. They both give the same return to the farmer if transportation to each destination costs the same. D. None of the above.