Trade in services such as information technology
A) is like other trade; it creates winners and losers, but the gains for national economies likely outweigh the costs.
B) creates gains for India's economy, but national welfare losses for the countries that import these services.
C) make it highly likely that information technology jobs will ultimately disappear in the industrialized countries.
D) is not perceived as threatening by industrialized countries so is unlikely to lead to any protectionist sentiment or pressures in the way the manufacturing does.
A
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If the Canadian dollar price of a United States dollar increases from C$0.80 to C$1.00, it can be concluded that ________.
A. the Canadian dollar has appreciated in value relative to the United States dollar B. the United States dollar has depreciated in value relative to the Canadian dollar C. the Canadian dollar has depreciated in value relative to the United States dollar D. both countries are on the international gold standard
Of the following markets, which is most likely to be monopolistically competitive?
a. automobiles b. corn c. overnight package delivery d. air travel between a small city and a larger one e. fast food
The market demand in a Bertrand duopoly is P = 15 ? 4Q, and the marginal costs are $3. Fixed costs are zero for both firms. Which of the following statement(s) is/are true?
A. P = $10 B. P = $15 C. P = $3 D. None of the answers is correct.
A profit-maximizing perfect competitor will ___________ operate at that output at which MC = MR.
A. always B. usually C. sometimes D. rarely