Which of the following threatens the future of the U.S. economy?
(a) A strengthening of private property rights
(b) Effectively preventing some individuals and organizations from pursuing
noncompetitive market legislation
(c) Racism, discrimination and sexism
(d) Increased private consumption and investment and reduced government
expenditures
(c)
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In the 2-factor, 2 good Heckscher-Ohlin model, the two countries differ in
A) tastes and preferences. B) military capabilities. C) the size of their economies. D) relative abundance of factors of production. E) labor productivities.
One of the most responsive components of investment to changes in interest rates are
a. equipment. b. inventories. c. automobile purchases. d. residential housing. e. none of the above.
If the game in Scenario 13.17 were to be infinitely repeated, waging a price war might be a rational strategy
A) because there would be no short-term losses. B) because the short-term losses might be outweighed by long-term gains from preventing entry. C) if the potential entrant were irrational. D) if the monopolist had excess capacity. E) if there were no sunk costs to the potential entrant.
According to the graph shown, the government can restrict trade by imposing a quota of:
This graph demonstrates the domestic demand and supply for a good, as well as a quota and the world price for that good.
A. 350.
B. 900.
C. 1150.
D. 1500.