Which of the following would encourage domestic producers to compete internationally?
a. Tax increases
b. Policies that make domestic sales more attractive
c. Cash payments
d. Expropriation
e. High-interest loans
c
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Refer to the scenario above. If the market for Good Y is monopolistically competitive, a firm producing Good Y will shut down production in the short run if price falls below ________
A) $60 B) $200 C) $120 D) $50
If a union wishes to maximize the number of union members employed, it will
A) accept the competitive wage. B) set a wage below the competitive wage. C) set a wage where the elasticity of demand for labor equals one. D) set a wage above the competitive wage.
Which of the following represents a capital budgeting problem for multinational corporations but not for domestic corporations?
A) determining the cost of capital B) calculating after-tax cash flows C) selecting the appropriate risk-adjusted rates of return D) None of the above
Which of the following statements about the percent of the population aged 25 and over completing high school is most accurate?
a. Between 1940 and 2000, the rate for blacks increased substantially while the rate for whites remained the same. b. Between 1940 and 1960, whites, blacks, and Hispanics experienced large decreases in completion rates, and experienced large increases after 1960. c. Between 1980 and 2000, the rate for Hispanics dropped significantly while the rates for whites and blacks increased. d. Between 1940 and 2000, the rate for whites increased about 3 times and the rate for blacks increased about 10 times.