A country's easy monetary policy is often used to correct the problem of
A. globalization.
B. high taxes.
C. unemployment.
D. import quotas.
C. unemployment.
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If there were five firms in an industry each with a 20% market share, what would the Herfindahl-Hirschman Index equal?
a. 80% b. 800 c. 1,600 d. 2,000
According to Scenario 4-1, country B is running a:
a. trade deficit with country A and a trade surplus with country C. b. trade surplus with both countries A and C. c. trade surplus with country A and a trade deficit with country C. d. trade deficit with both countries A and C. e. balanced trade with country A and a trade deficit with country C.
Ross earns $60 each day. He spends this entire money either on movies or on games. The price of a movie ticket is $15, and the price of a game is $30 . Which of the following consumption bundles can Ross afford, given his income?
a. 5 movies and 2 games b. 2 movies and 1 game c. 3 movies and 1 games d. 0 movies and 3 games
Suppose an airline ticket from Charlotte to Dallas costs $525 . A bus ticket is $325 . Traveling by plane will take 5 hours, compared with 25 hours by bus. Thus, the plane costs $200 more but saves 20 hours of time . Other things constant, an individual will gain by choosing air travel if, and only if, each hour of her time is valued at more than
a. $10 per hour. b. $13 per hour. c. $20 per hour. d. $105 per hour.