The idea behind antitrust legislation is to
A) promote competition in the market.
B) justify deregulation of industries.
C) implement contestable markets.
D) create larger firms.
A
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What factor probably contributes most to economic growth?
A) Money B) Political influence C) Foreign aid and investment D) The exploitation of poor countries by rich countries E) Productive knowledge
Production costs for a given output will be minimized when the
A. budget line and the product indifference curve meet in the vertical axis. B. budget line crosses the product indifference curve. C. budget line begins to bend back on itself. D. product indifference curve and the budget line are tangent.
In the open-economy macroeconomic model, the source of the supply of loanable funds is
a. personal saving b. public saving c. public saving + personal saving d. public saving + personal saving + net capital outflows
Suppose that the U.S. imposes a countervailing duty of 10% on coated paper imported from China to offset alleged Chinese subsidies. Suppose further that the U.S. duty-free price of Chinese coated paper imports is $500 per 1,000 meter roll and that the price of an equivalent roll of U.S.made coated paper is $600 per 1,000 meter roll. What is the likely response of Chinese coated paper exporters to the U.S. countervailing duty?
a. They will not change their U.S. duty-free price of their exports and absorb all of the duties. b. They are likely to reduce their U.S. duty-free price of their exports by one-half. c. They are likely to reduce their U.S. duty-free price of their exports so that their U.S. prices, including the duties, are less than $600 per 1,000 meter roll. d. They are likely to reduce their U.S. duty-free price of their exports so that their U.S. prices, including the duties, are only slightly more than $600 per 1,000 meter roll.