Which of the following is a major reason for offshoring?
a. The gradual diminishing of global technological advances.
b. Increased global demand for services.
c. Reductions in international trade barriers.
d. All of the above are major reasons for offshoring.
.C
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The figure above illustrates the gasoline market. There is no external benefit from gasoline. If a pollution tax equal to the marginal external cost is imposed on gasoline, then the quantity of gasoline produced and consumed equals
A) 0 gallons. B) 5 million gallons. C) 10 million gallons. D) 20 million gallons. E) None of the above answers is correct.
Consider a BMW automobile plant. If the price of BMWs increase by 10 percent and the money wage rate and other costs ________, there will be ________
A) increase by 10 percent; an increase in BMWs profits B) do not change; an increase in BMW's production and profit C) increase by 10 percent; an increase in BMWs production D) do not change; no change in production
The process of allocating the total product among the resources involved is referred to as
a. geographic distribution. b. functional distribution. c. marketing distribution. d. frictional distribution.
Based on the graph showing the 2016 U.S. health dollar, public sources make up about ______ percent of all health care funding?
a. 25
b. 50
c. 75
d. 90