With positive net exports, a nation is a net ________, and thus has a ________ "net foreign investment."
A) seller of assets to foreigners, positive
B) seller of assets to foreigners, negative
C) buyer of foreign assets, positive
D) buyer of foreign assets, negative
C
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Amy can produce either 5000 pounds of cheese or 20 cars per year. Mike can produce either 5000 pounds of cheese or 10 cars per year. Mike's opportunity cost of producing one car is ________ pound(s) of cheese.
A. 1/250 B. 500 C. 1/20 D. 250
Refer to the above table. Suppose both governments offer their respective company a subsidy of $4(million)
What will be an ideal response?
All of the following are characteristics of long-run equilibrium for firms in a monopolistically competitive market except:
A) price equals marginal cost. B) price equals average total cost. C) marginal cost equals marginal revenue. D) price exceeds the minimum of average total cost.
You have paid all expenses to travel to your favorite beach for a vacation. You made these payments early in order to receive a discount and all payments are nonrefundable. Unfortunately, a hurricane is likely to crash into the coast during your vacation dates. What should not be considered as you make a decision to take your trip or not?
A. The money that has already been spent on the trip B. The satisfaction you are likely to receive at the beach during a hurricane C. The best alternative use of your time if you do not take the trip D. The additional costs you didn’t anticipate while on the trip.