Refer to the figure above. If A imposes a per unit tariff of $10 on imports from both B and C, it will import
A) 400 units from B.
B) 200 units from C.
C) 200 units from each.
D) 400 units from B and 200 units from C.
B
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In a free-market economy, prices coordinate society’s decisions about
A. how and for whom to produce. B. what, how, and for whom to produce. C. how and for whom to produce but not how much to produce. D. how much and for whom to produce but not how to produce.
In the Stackelberg leadership model,
a. the leader earns a larger profit compared to the follower. b. the leader charges a higher price for its output compared to the follower. c. the follower produces a larger output compared to the leader. d. the follower charges a lower price for its output compared to the leader.
For which of the following programs can a person qualify solely by having a low income?
a. both Temporary Assistance for Needy Families (TANF) and Supplemental Security Income (SSI) b. Temporary Assistance for Needy Families (TANF) but not Supplemental Security Income (SSI) c. Supplemental Security Income (SSI) but not Temporary Assistance for Needy Families (TANF) d. neither Temporary Assistance for Needy Families (TANF) nor Supplemental Security Income (SSI)
A document describing how much profit or loss was earned by a business over a given length of time is called
a. a balance sheet b. an income statement c. a statement of cash flows d. a profit-and-loss statement