________ implementing export promotion policies is Japan.
A. The only developed country that has banned
B. One of the most successful countries in
C. The only developed country that has been successful in
D. One of the least successful countries in
Answer: B
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Refer to Figure 4.5. In which of the following cases will you be rewarded with the most extra points?
A) Seven of your classmates choose Dash and you and the rest choose Solid. B) All of your other classmates choose Solid and you choose Dash. C) Half of your classmates choose Solid and you and the rest choose Dash. D) One of your classmates chooses Dash and you and the rest choose Solid.
In economic terms, tariffs are preferred to quotas because
A) domestic manufacturers gain more producer surplus. B) there is less loss of consumer surplus. C) tariffs are easier to administer. D) quotas create a greater production inefficiency. E) given the way quotas are usually administered, tariffs cause a smaller net national welfare loss.
In a perfectly competitive market, buyers and sellers are price setters
a. True b. False Indicate whether the statement is true or false
A manager in charge of new product development can hire engineers and market researchers. The annual salary of an engineer is $40,000 while a market researcher receives $20,000. The marginal contribution of engineers and market researchers are:
Based on the above information, if the manager has an annual budget of $140,000 and currently is hiring two engineers and three market researchers, then
A. he is making the correct decision because the last market researcher hired was more productive than the last engineer hired. B. the last dollar spent on an engineer yielded more new products than the last dollar spent on a market researcher. C. he is making the correct decision because engineers make more than market researchers. D. the last dollar spent on a market researcher yielded more new products than the last dollar spent on an engineer.