The United States does not allow U.S. citizens to trade with Iraq. This is an example of:
A. a quota.
B. a sanction.
C. a regulatory trade restriction.
D. a tariff.
Answer: B
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Suppose the Tasty Taco Company produces tacos. The number of tacos it can produce each hour depends on the number of workers it hires, as shown in the accompanying table. In addition, each taco can be sold for 50 cents more than the cost of the ingredients needed to produce it. Number of workers per hourNumber of tacos per hour00125245360470575 If the hourly wage for people who make tacos is $8, then how many workers should the Tasty Taco Company hire each hour?
A. 1 B. 3 C. 2 D. 4
Suppose a manufacturer of software develops a new computer program that sells for $50
The $50 cost includes $0.25 for the CD it is stored on, $5 for the labor of the company software programmers, and $1.75 for packaging materials and transportation costs. Value added by the software company is A) $49.75. B) $48.25. C) $48. D) $44.75. E) $43.
Moody's Investors Service is able to make a profit because
A) most investors are irrational. B) of the existence of adverse selection problems. C) fluctuations in interest rates make default risk on corporate bonds difficult to gauge. D) small investors like the mutual funds they sell.
Which of the following will cause a shift to the left of the supply curve?
A. Increases in the market price of the good being supplied, other things being equal. B. Increases in taxes per unit of output. C. Advances in technology. D. Decreases in input prices.