When a Chinese company builds an auto plant in the United States, the immediate result of this Chinese investment in the United States is a ________ item in the U.S. ________ account
A) surplus; current
B) surplus; financial
C) deficit; current
D) deficit; financial
Answer: B
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Total expenditure equals price times elasticity.
Answer the following statement true (T) or false (F)
Four propane delivery firms have a tacit agreement to charge a service fee of $50 in addition to $5 per gallon of propane. If the firms' cost of propane increases and one of the four firms advertises that it will increase the cost of a gallon of propane to $5.50 next month, this is an example of ________.
A) a preannouncement B) a precommitment C) price leadership D) a meet-the-competition clause
Suppose the domestic supply (QSU.S.) and demand (QDU.S) for bicycles in the United States is represented by the following set of equations:QSU.S. = 2PQDU.S. = 200 - 2P.Demand (QD) and supply (QS) in the rest of the world is represented by the equations:QS = PQD =160 - P.Quantities are measured in thousands and price, in U.S. dollars.After the opening of free trade between the United States and the rest of the world
A. neither the United States nor the rest of the world gain from trade. B. both countries gain from trade, but the United States gains more than the rest of the world. C. the net change in total surplus in the United States is zero, but the rest of the world gains. D. both countries gain from trade, but the rest of the world gains more than the United States.
The consumer wifi-service providers' market is best described as a:
A. Monopolistic competition B. Monopoly C. Differentiated oligopoly D. Homogeneous oligopoly