Which of the following is a major reason for offshoring?
a. Advances in information and communication technologies.
b. The inability of companies to fragment production processes.
c. The gradual decline in worldwide competition.
d. All of the above are major reasons for offshoring.
.A
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Suppose a British bank offers a 3 percent interest rate while a U.S. bank offers a 7 percent interest rate. People must expect the U.S. dollar will
A) depreciate 4 percent. B) appreciate 4 percent. C) appreciate 10 percent. D) depreciate 10 percent.
Refer to Figure 13-17. What is the amount of excess capacity?
A) Qj - Qh units B) Qj - Qf units C) Qh - Qg units D) Qh - Qf units
A company that undertakes an activity so that it can "do well by doing good" is practicing
A) strategic corporate social responsibility. B) altruistic corporate social responsibility. C) profit sharing. D) the survivor principle.
Suppose the market for oranges is perfectly competitive and unregulated. Suppose also that the chemicals used to keep the oranges insect-free damage the environment by an estimated $1 per bushel of oranges. Suppose QD = 1000 - 100P and QS = -100 + 100P. If regulators limited production to 200 bushels, the deadweight loss relative to the option of setting the optimal tax would be would be
a. $0 b. $200 c. $500 d. $1000