The trade feedback effect includes which of the following steps?
A. an increase in U.S. economic activity stimulates U.S. imports
B. an increase in foreign imports stimulates U.S. exports
C. an increase in U.S. exports stimulates U.S. economic activity
D. all of the above
Answer: D
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The general rule to increase profits when two close substitute brands are jointly owned is
a. Increase prices for both brands b. Decrease prices for both brands c. Increase prices on one brand, decreasing it for the other d. Increase prices on one brand, keeping the prices of the second brand constant
_____ goods are rivalrous in consumption and nonexcludable
Fill in the blank(s) with the appropriate word(s).
Centralized decisionmaking is most commonly found in
A. emerging economies and industries. B. firms that are expanding into other geographical areas. C. highly vertically integrated firms. D. stable industrial environments.
Exhibit 6A-2 Consumer Equilibrium
?
Given the budget lines and indifference curves shown in Exhibit 6A-2, point D yields:
A. the same total utility as point A, but requires a larger budget. B. the same total utility as point A, and point E for the same budget. C. more total utility than point A, but requires a larger budget. D. the same total utility as point B, but requires a smaller budget.