Which of the following will most likely generate positive externalities?
a. a hot dog vendor
b. public education
c. an automobile
d. a steel mill
b
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Assume that Country A produces 60 tons of sugar using 6 productive units and that Country B produces 40 tons of sugar using 6 productive units. Assume further that Country A produces 120 tons of coffee using 4 units of production and that Country B produces 90 tons of coffee using 4 units of production. It follows that
a. Country A has a comparative advantage over Country B in the production of coffee. b. Country A has a comparative advantage over Country B in the production of coffee and sugar. c. Country A has a comparative advantage over Country B in the production of sugar. d. Country B has a comparative advantage over Country A in the production of sugar.
When Trina can afford bundles A and B but not C, she purchases bundle A. When Trina can afford bundles A and C, but not B, she purchases bundle C
We can conclude her preference ordering of the three bundles is (in order from most preferred to least) A) C, A, B. B) B, A, C. C) A, C, B. D) A, B, C.
If a corporation fails, the last recipients of funds that may remain are
A) preferred stockholders. B) common stockholders. C) bond holders. D) government tax collectors.
Which of the following would be cures for the U.S. trade deficit?
A. Americans saving less and spending more B. A severe recession in Europe and Asia C. A severe recession in the United States D. A tax cut E. All of these responses are correct.