Germany has an absolute advantage in the production of which product?
cameras
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If the marginal value of 1 bottle of shampoo is 4 soap bars, then
a. the absolute price of shampoo is 4 times the absolute price of a soap bar. b. trading away 1 bottle of shampoo for 4 bars of soap will not affect the consumer's level of satisfaction. c. the consumer's optimum contains 4 times as many bars of soap as bottles of shampoo. d. shampoo provides 4 times as much satisfaction to the consumer as does soap.
The strengthening of the dollar between 1980 and 1985 contributed to a ________ in American competitiveness, putting pressure on the Fed to pursue a more ________ monetary policy
A) decrease; contractionary B) increase; expansionary C) increase; contractionary D) decrease; expansionary
All of the following are required to make a tying arrangement vulnerable to antitrust prosecution except which one?
A) There must be at least three products involved. B) There must be proof of an actual tie between two products. C) The seller must have substantial market power in the market for the tying product. D) There must be some nontrivial amount of commerce affected by the tying contract.
Colonists owned the vast majority of the tonnage shipped between
a. New England and the West Indies. b. England and the West Indies. c. The Middle colonies and England. d. The South and the West Indies.