The annual rate of return that is generated when you compare the purchase price and the current market value of teams suggests that ________ generate a good rate of return.
A. only NFL teams
B. only MLB teams
C. most franchises
D. only big name teams
Answer: C
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If one country's wage level is very high relative to the other's (the relative wage exceeding the relative productivity ratios) then it is probable that
A) free trade will not improve either both countries welfare. B) free trade will result in no trade taking place. C) free trade will result in each country exporting the good in which it enjoys comparative advantage. D) free trade will result in each country exporting the good in which it suffers the greatest comparative disadvantage. E) free trade will not affect the economic welfare of either country.
Which of the following equations represent Taylor Rule?
A) rFF = rFF* - a(p – p*) - b B) rFF = rFF* + a(p – p*) + b C) rFF = rFF* - a(p – p*) + b D) rFF = rFF* + a(p + p*) + b
Which of the following would not be considered an investment in human capital?
a. education b. training programs c. transportation infrastructure d. literacy programs
Refer to the information provided in Figure 9.2 below to answer the question(s) that follow.
Figure 9.2Refer to Figure 9.2. If demand for wheat is D2, then a profit-maximizing firm will produce ________ units and earn a profit of ________.
A. 13; $0 B. 15; $30 C. 13; $91 D. 7; $0