A country that typically runs a trade surplus is:
A. China.
B. Canada.
C. the United States.
D. France.
Answer: A
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How would a $10 increase in per-unit input costs affect a price-taking firm's supply curve?
A. MC would increase by $10, and AC would decrease by $10.
B. AC would increase by $10, and MC would decrease by $10.
C. MC and AC would both decrease by $10.
D. MC and AC would both increase by $10.
Union membership, in terms of percentage of the U.S. civilian labor force
A) has increased steadily since the passage of the Wagner Act. B) peaked about 1960 and has since declined. C) was over 50 percent in 1987. D) has increased dramatically since 1970.
Refer to the table above. Is the United States a debtor or a creditor nation in 2019?
A) a debtor nation B) neither a creditor nor debtor nation C) a creditor nation D) both a creditor nation and a debtor nation E) More information is needed to determine if the United States is a debtor or creditor nation.
In New York City, you need a license to drive a taxicab. Each license is valid for three years, and then it expires. The holder of a license can expect to earn $10,000 in profit each year. If the interest rate is 5 percent (0.05) per year, what is the value of a newly issued taxicab license? (Assume that each year's profit is received at the end of the year.)
a. $1,990.74 b. $10,000.00 c. $14,074.07 d. $27,232.48 e. $30,000.00