Among the people who are characterized below, who has the highest opportunity cost of leisure?
a. an attorney who earns $200 per hour and who plays golf during her leisure time
b. a medical doctor who earns $210 per hour and who sleeps during his leisure time
c. a retail clerk who earns $15 per hour and who watches TV during her leisure time
d. a waiter who earns $12 per hour and who reads poetry during his leisure time
b
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This __________ declared that price discrimination is illegal especially when it decreases competition
a. Robinson-Patman Act b. Sherman Antitrust Act of 1890. c. Merger Act d. Federal Trade Commission Act.
A country can gain by importing a good from abroad even if that good can be produced more efficiently at home. Is this statement true?
Something that would not be considered a tool in pursuit of industrial policy would be:
A. incentives for foreign direct investment. B. incentives for foreign portfolio investment. C. investment in research. D. All of these are examples of industrial policies.
Which of the following is a component of money?
A) bonds B) saving C) income D) stocks E) none of the above