In an open economy, how many bikes will this country export?
A. 20,000
B. 60,000
C. 80,000
D. 50,000
Answer: B
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Since the minimum wage rate began it has typically stayed at about what percentage of the average manufacturing wage?
A) 10-20% B) 20-30% C) 40-50% D) 75-80%
Exhibit 6-2 Refer to Exhibit 6-2. The employment rate in year 3 is
a. 12 1/2 percent. b. 33 1/3 percent. c. 70 percent. d. 66 2/3 percent. e. 25 percent.
Information asymmetry is not a problem when:
A. both parties lack the same information. B. the wants of both parties are opposed to one another. C. the wants of both parties are aligned with one another. D. the constraints of both parties are identical.
The strike price of an option is:
A. the market price at the time the option is exercised. B. always above the market price. C. the price at which the option holder has the right to buy or sell. D. the market price at the time the option is written.