Which of the following describes a trade deficit?
a. Exports plus imports
b. Exports divided by imports
c. Exports multiplied by imports
d. Exports exceed imports
e. Imports exceed exports
E
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Dell computers has increased production efficiency by
A) producing output with fewer inputs. B) expanding the amount of inputs used. C) outsourcing production. D) relying on decreasing returns to scale.
The __________ declared that some forms of 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.
Rodolfo gets 1 util from regular potato chips, 4 utils from salt-and-vinegar chips, and 6 utils from barbeque-flavored chips. If regular potato chips cost $3.00, which of the following pricing structures represents consumer equilibrium?
a. salt-and-vinegar: $3.00; barbeque: $3.00 b. salt-and-vinegar: $4.00; barbeque: $6.00 c. salt-and-vinegar: $6.00; barbeque: $8.00 d. salt-and-vinegar: $12.00; barbeque: $18.00
All of the following are determinants of money demand except
A) the cost of transferring funds from interest earning assets to checking accounts. B) expectations about the future price level. C) the money supply. D) Real GDP.