A tariff is a tax that is imposed by the ________ country when an ________ good crosses its international boundary
A) exporting; imported
B) importing; exported
C) exporting; exported
D) importing; imported
D
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Which of the following is an example of a firm's derived demand?
a. The wage that a worker earns is a function of her human capital. b. A firm's demand for college textbook study guide authors is inseparably linked to the supply of college textbooks. c. Factors that increase the demand for labor will increase the equilibrium wage. d. All of the above are correct.
If (PVB/PVC)for a given policy option equals 5.5, this means that
a. the policy option is not feasible b. for every dollar of incremental costs incurred by society, there are $5.50 in realized incremental benefits c. the policy option is feasible d. both (b) and (c) are correct
A firm faces a small number of competitors. This firm is competing in
A) a monopoly. B) monopolistic competition. C) an oligopoly. D) perfect competition. E) a perfect multi-firm monopoly.
By convention, commercial paper issuers are divided into
A) individuals and corporations. B) private institutions and government institutions. C) large businesses and small businesses. D) financial companies and nonfinancial companies.