The worst remedy for curing the U.S. trade deficit is to
a. increase U.S. personal saving.
b. reduce the budget deficit.
c. encourage all nations to lower trade barriers.
d. limit imports by imposing tariffs, quotas, and other trade restrictions.
d
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The problem of production in multi-plant firms with asymmetric information can be solved by paying the manager
A) a piece rate, some constant amount per unit of output produced. B) a larger amount for each unit than was paid for the previous unit, to reflect increasing marginal cost. C) a smaller amount for each unit than was paid for the previous unit, to reflect decreasing marginal revenue. D) an annual bonus that increases with each unit of output up to capacity, and decreases with each unit of output past capacity. E) an annual bonus that is calculated decreases with each unit of output up to capacity, and increases with each unit of output past capacity.
If the prices received by farmers increased and the prices paid by farmers also increased, the parity ratio:
A. will necessarily be unchanged. B. may either increase or decrease. C. will necessarily increase. D. will necessarily decline.
Why do economies of scale and learning curve effects look similar when they are graphed? What different concepts do they represent?
What will be an ideal response?
Oil price changes are best explained using a model of
A. supply and demand, the effect of expectations, and the cartel effect. B. the cartel effect. C. supply and demand and the effect of expectations. D. the collusive behavior of the big oil companies.