International trade decreases the demand for workers in domestic industries that
A) produce goods that are exported from the country.
B) produce the goods in which the nation has a comparative advantage.
C) help businesses import and export.
D) produce goods that also are imported into the country.
E) service imported goods.
D
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Which of the following must be true of an attorney who buys a portable computer so that she can work on trains and planes?
a. She is engaging in conspicuous consumption. b. She gets utility from working. c. She thinks the opportunity cost of her time is higher than it really is. d. She thinks the opportunity cost of her time is lower than it really is. e. She is trying to reduce the opportunity cost of traveling.
Suppose a 10-mile taxi ride costs £6.50 in London and $10.00 in Los Angeles. If the exchange rate is £1 = $1.70 purchasing power parity holds
a. True b. False Indicate whether the statement is true or false
Auctions in recent years have resulted in higher prices paid for letters written by John Wilkes Booth than those written by Abraham Lincoln. What is a reason for this difference in price?
A) There is a surplus of letters written by Booth and a shortage of letters written by Lincoln. B) Many people are more fascinated by villains and anti-heroes than by heroic figures. C) There are more letters available for collectors to buy that were written by Lincoln than there are letters that were written by Booth. D) Booth was a well-known actor; the demand for his letters rose as wealthy actors attempted to buy them.
Given that shares are riskier than bonds, why do investors invest in equity?
What will be an ideal response?