According to the text, which of the following are both imports and exports for the United States?
A. Cars, computers, and auto parts.
B. Computers, oil, and auto parts.
C. Baseballs, computers, and cars.
D. No single product can be both an import and an export for a given country.
Answer: A
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Possible sources of economies of scale (size) within a production plant include:
a. specialization in the use of capital and labor b. imperfections in the labor market c. transportation costs d. a and b e. a and c
Puerta Vallarta International Airport is near the coast. At night planes take off and land from the west, over the water. During the day planes approach and leave from the east, over Puerta Vallarta neighborhoods. Night flights into and out of Puerta Vallarta are more dangerous than day flights. Which rights are in conflict in this situation?
a. residents' right to enjoy the ocean and their right to peace and quiet b. residents' right to enjoy the ocean and air passengers' right to enjoy the ocean c. residents' right to peace and quiet and air passengers' right to safety d. residents' right to peace and quiet and safety e. air passengers' right to safety and convenience
A _______________ is a bond issued by the federal government.
a. municipal bond b. Treasury bond c. corporate bond d. high-yield bond
Regulation focused on the impact of production on the environment and society, the working conditions under which production occurs, or the physical attributes of goods, is known as
A. social regulation. B. economic regulation. C. rate-of-return regulation. D. cost-of-service regulation.