Refer to Scenario 5.5. The expected cost to the firm if it does not fix the car is
A) $0.
B) $24 million.
C) $7.9 million.
D) $2 million.
E) $3.6 million.
C
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With no international trade, the U.S. price of wheat is lower than the world price of wheat
This indicates that the United States ________ a comparative advantage in the production of wheat and with international trade, the United States will ________ wheat. A) has; export B) has; not trade C) has; import D) does not have; export E) might have; export
Workers in the United States were granted the legal right to engage in collective bargaining by the
A) National Labor Relations Act. B) Taft-Hartley Act. C) Landrum-Griffin Act. D) Knights of Labor Act.
A TRUE signal must
A. convey information about the long-run future. B. convey information only. C. explain in detail why something should be done. D. convey information and direct the resource owners to act appropriately.
Refer to the table. If the full-employment real GDP is $70, the:
A. inflationary expenditure gap is $30.
B. recessionary and inflationary expenditure gaps are both $0.
C. inflationary expenditure gap is $10.
D. recessionary expenditure gap is $10.