A computer programmer working in India relocates to the United States. This is an example of
A. cross-border trade.
B. international outsourcing.
C. factor intensity reversal.
D. factor mobility.
Answer: D
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If the economy falls into a recession, automatic stabilizers will cause
A. tax receipts to rise and government spending to fall. B. tax receipts to fall and government spending to rise. C. both tax receipts and government spending to rise. D. both tax receipts and government spending to fall.
Refer to the table above. Assume that the market for notebooks is in equilibrium. Which of the following is likely to happen if a few sellers of notebooks decide to exit the market, everything else remaining unchanged?
A) Both the equilibrium price and quantity of notebooks remain unchanged. B) Both the equilibrium price and quantity of notebooks decrease. C) The equilibrium price of notebooks increases, but the equilibrium quantity decreases. D) The equilibrium price of notebooks decreases, but the equilibrium quantity increases.
Because special interest groups tend to favor transfer policies rather than economic growth policies, many economists believe that these special interest groups help to improve economic efficiency.
Answer the following statement true (T) or false (F)
A profit center is
a. evaluated based on minimizing costs within the division b. evaluated based on maximizing costs within the division c. evaluated based on minimizing profits generated by the division d. evaluated based on maximizing profits generated by the division