Frequently, developing countries compete for foreign investment to be located in their countries. Which of the following are not something a developing country would likely offer?
A. A guaranteed low cost labor force
B. The required infrastructure
C. High environmental regulations
D. Tax rebates or tax exemptions
Answer: C
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Economic analysis is useful is resolving all of the following types of issues EXCEPT:
A. positive B. monetary policy C. normative D. fiscal policy
Which of the following expressions is correct?
a. accounting profit = total revenue - explicit costs b. economic profit = total revenue - implicit costs c. economic profit = total revenue - explicit costs d. Both a and b are correct.
Refer to Table 4.1. If Mike starts with 3 CDs and 2 economics books, would he be willing to trade one CD for an economics book?
A. Yes, because the bundle with 2 CDs and 3 economics books is ranked higher than the bundle with 3 CDs and 2 economics books
B. No, because the bundle with 2 CDs and 3 economics books is ranked higher than the bundle with 3 CDs and 2 economics books
C. Yes, because the bundle with 3 CDs and 2 economics books is ranked higher than the bundle with 2 CDs and 3 economics books
D. No, because the bundle with 3 CDs and 2 economics books is ranked higher than the bundle with 2 CDs and 3 economics books
Which of the following statements is correct? In the special case of the 100-percent reserve banking the money multiplier is
a. 0 and banks create money. b. 0 and banks do not create money. c. 1 and banks create money d. 1 and banks do not create money.