Which of the following situations will arise in the domestic market following the imposition of a tariff?
A. imports decrease, domestic production increases, prices increase
B. imports increase, domestic production increases, prices increase
C. imports increase, domestic production decreases, prices decrease
D. imports decrease, domestic production increases, prices decrease
Answer: A
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An important implication of the idea that markets are efficient is that
A) an investor can make money by buying undervalued stocks and selling overvalued ones. B) the price of a share immediately incorporates new publicly available information that affects its value. C) dealers can ignore some new information on a share that affects its value. D) an investor can make above average returns in the stock market by doing careful research of public information about selected stocks.
Assume that you know the following cost information about Fred's widget company: Its fixed cost is $9, and its total variable cost is $6 for 1 unit; $11 for 2; $ 15 for 3; 20 for 4; and 26 for 5 . Given the above information, a. the marginal cost of the third unit is greater than the marginal cost of the first unit. b. the marginal cost of the fourth unit is the same as the marginal cost of the
second unit. c. the average variable cost of four units is the same as for three units. d. both (b) and (c) are correct.
A price ceiling set below the equilibrium price is nonbinding
a. True b. False Indicate whether the statement is true or false
The marginal units of action choice X:
A. are the last ?X units and tend to generate the greatest amount of marginal benefits. B. are the last ?X units and tend to generate the smallest amount of marginal costs. C. are the initial ?X units, where ?X represents the change in the units of X. D. are the last ?X units, where ?X is the smallest amount you can add or subtract.