Suppose the dollar rises from 100 to 125 yen. As a result,
a. imports from Japan will likely increase.
b. exports to Japan will likely increase.
c. Japanese tourists will be more likely to visit the United States.
d. U.S. businesses will less likely use Japanese shipping lines to transport their products.
A
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A firm is concerned about the possibility of patent infringement and has hired an attorney to review patents. If the attorney is reviewing 100 patents and the marginal cost of reviewing the 100th patent is $30 and the expected marginal benefit of reviewing the 100th patent is $25, which of the following is true?
A) The firm's total cost of infringement will increase if the number of patents reviewed decreases. B) The firm's total cost of infringement will decrease if the number of patents reviewed decreases. C) The firm is minimizing the total cost of infringement. D) The firm's total cost of infringement will decrease if the number of patents reviewed increases.
All of the following, except one, can be a barrier to entry into an oligopoly market. Which is the exception?
a. heavy advertising by existing firms b. zoning regulations c. excess production capacity among existing firms d. tariffs and quotas e. a small minimum efficient scale
Currently, the U.S. net national debt is almost 60 percent of GDP, but this percentage is smaller than that of many fiscally healthy countries
a. True b. False Indicate whether the statement is true or false
The federal government receives most of its revenue from three sources: personal income tax, corporate income tax, and payroll tax.
Answer the following statement true (T) or false (F)