A U.S. firm buys apples from New Zealand with New Zealand dollars it got in exchange for U.S. dollars. New Zealand residents then use these dollars to purchase oranges from the U.S. Which of the following increases?
a. New Zealand's net capital outflow and New Zealand's net exports
b. only New Zealand's net exports
c. only New Zealand's net capital outflow
d. neither New Zealand's net exports nor New Zealand's capital outflow
d
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All of the following are examples of explicit cost a firm might incur except
A) taxes owed to the state government. B) the revenue a firm generates in using its resources. C) the rental value of the warehouse space the company owns and uses for itself. D) the out-of-pocket expense to hire employees.
What is the Customer Acquisition Cost?
a. Total cost of customers b. Average cost per customer c. The marginal cost of acquiring another customer d. All of the above
Which of the following is least likely to be the reason women are underrepresented in the economics profession?
a. labor market discrimination b. the choice of women to select other occupations c. cultural bias in primary and secondary education d. the inability of women to solve problems in economics
If Huedepool Beer runs into financial difficulty, the stockholders as
a. part owners of Huedepool are paid before bondholders get paid anything at all. b. part owners of Huedepool are paid after bondholders get paid. c. creditors of Huedepool are paid before bondholders get paid anything at all. d. creditors of Huedepool are paid after bondholders get paid.