Refer to the information provided in Table 33.2 below to answer the question(s) that follow.
Table 33.2
Refer to Table 33.2. The most that Thailand will be willing to pay for a tractor is
A. 5 motorcycles.
B. 10 motorcycles.
C. 15 motorcycles.
D. 20 motorcycles.
Answer: C
You might also like to view...
According to this Application, some households were willing to take on considerable mortgage debt because
A) they realized the mortgage debt would be more than offset by the tax deductions they could take on the interest paid on their mortgage loans. B) this was a safe investment in light of the rapidly increasing inflation in the economy. C) the government's federal home mortgage insurance program would compensate them for any loss in value they may realize based on the purchase price of their homes. D) they were confident they could make money as the values of their homes increased.
For a single-price monopolist to sell one more unit of a good, it must
A) lower the price on just the last unit sold. B) lower the price on all units sold. C) raise the price on just the last unit sold. D) raise the price on all units sold.
Which of the following will shift the demand for the euro to the right?
A) expectations among speculators that the price of the euro will rise in the future B) an increase in incomes in countries that buy goods from the European Union C) an increase in interest rates in the European Union D) All of the above will shift the demand for the euro to the right.
Which of the following is NOT a condition for third degree price discrimination?
A) Monopoly power B) Different own price elasticities of demand C) Economies of scale D) Separate markets