All of the following would be potential problems if developing nations around the world emphasized export promotion EXCEPT
A) industrial nations may be unable to absorb the exports of many newly industrializing nations.
B) it would be much harder to emphasize exports under the WTO framework if the emphasis in exports requires some kind of subsidies.
C) export growth may not add to GDP if it crowds out growth in output of goods for domestic consumption.
D) export promotion by many countries may lead to economic conflicts.
E) current research has clearly established that there is no causal connection between exports and faster economic growth.
E
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The following accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed below are available for purchase.CPU GHzTotal BenefitMarginal BenefitTotal CostMarginal Costs2.0$1,000 $900 2.5$1,400 $1003.0 $300$1,200 3.5$1,900 $1,500 4.0$2,000 $400 The total cost of a 2.5GHz computer is:
A. $200. B. $1,000. C. $900. D. $100.
If a firm increases output when MR > MC, then:
A. profit will equal zero. B. profit will increase. C. profit will decrease. D. profit will remain the same.