A customs duty is
a. a tax in the form of a percentage of the value of the good taxed
b. a fixed tax in the form of cents or dollars per unit of the good
c. a sales tax applied to a foreign good
d. any tax levied on a good
e. the same as a poll tax
C
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The Herfindahl-Hirschman Index is calculated by ________
A) adding the market share of each firm in the market and squaring the resulting number B) squaring the market share of each firm competing in the market and then summing the resulting numbers C) adding the number of firms in the market and squaring the resulting number D) adding the profit earned by each firm in the market
If a firm decides to stop its sales agents from pricing too aggressively to make sales by requiring the agent to obtain permission to reduce price below a specific threshold, and the manager has all the relevant information transferred to him by the firm, the solution would
a. Work b. Not work c. Not work in all circumstances d. None of the above
If there is a natural disaster, the long-run aggregate-supply curve shifts
a) upward. b) left. c) right. d) not at all but instead remains constant.
An increase in capital stock would
What will be an ideal response?