If this is an open economy, quantity supplied of cars by the domestic producers will be ________.
A. 80,000
B. 20,000
C. 40,000
D. 60,000
Answer: B
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Assuming all else equal, a rise in the rate of interest:
A) results in a fall in the cost of borrowing. B) results in a fall in the amount of interest accumulated on a loan. C) results in a fall in the quantity of credit demanded. D) results in an increase in the number of potential debtors.
Which of the following is a store of value?
a. cash and stocks b. cash but not stocks c. stocks but not cash d. neither cash nor stocks
U.S- based Dell sells computers to an Irish company that pays with previously obtained U.S. currency. This exchange
a. increases U.S. net capital outflow because the U.S. acquires foreign-owned assets. b. decreases U.S. net capital outflow because the U.S. acquires foreign-owned assets. c. increases U.S. net capital outflow because the U.S. sells capital goods. d. decreases U.S. net capital outflow because the U.S. sells capital goods.
To answer, refer to the following: "Ford built 18 vehicles per auto employee in North America last year, while GM could only manage 12." (The Wall Street Journal) In comparison with GM, Ford had
A. higher total variable cost. B. higher average variable cost. C. lower average variable cost. D. both a and c E. none of the above