List the factors that might influence a country's exports, imports, and trade balance
a . the tastes of consumers for domestic and foreign goods
b. the prices of goods at home and abroad
c. the exchange rates at which people can use domestic currency to buy foreign currencies
d. the costs of importing goods from country to country
e. the policies of the government toward international trade
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Large corporations may obtain funds for operations and expansion
A. with retained earnings. B. through direct finance when loans are made by financial intermediaries. C. through indirect finance when stocks are sold in secondary markets. D. through direct finance when bonds are sold in secondary markets. E. all of the above.
Paternalism is the view that ________
A) consumers do not always know what is best for them, and the government should encourage or induce them to change their actions B) producers do not always have the resources required for the production of a good, and the government should provide them with these resources C) the government should impose a tax on an economic activity only if it generates a negative externality D) the government has the supreme power to decide which goods are to be taxed and which are to be subsidized
Refer to Figure 15-4. What is likely to happen to this monopoly in the long run?
A) It will be regulated by the government because of its excess profits. B) New firms will enter the market to eliminate its profits. C) It will expand its output to take advantage of economies of scale so as to further increase its profit. D) As long as there are entry barriers, this firm will continue to enjoy economic profits.
Compared to the perfect competitor, the monopolist is ______ efficient and charges a ______ price.
Fill in the blank(s) with the appropriate word(s).