As a percentage of GDP, exports are greater than imports for which of the following countries?
A) the United Kingdom
B) France
C) the United States
D) China
Answer: D
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DVDs can be produced at a constant marginal cost, and Roaring Lion Studios is releasing the DVDs for its last two major films. The DVD for Rambeau 17 is priced at $20 per disk, and the DVD for Schreck 10 is priced at $30 per disk
If the Lerner indices for Rambeau 17 divided by the Lerner index for Schreck 10 equals 0.5, what is the constant marginal cost of producing both DVDs? A) MC = $10 B) MC = $15 C) MC = $20 D) MC = $5
Which of the following relationships involves asymmetric information?
a. A recruiter for a college football team evaluates the performance of a high-school player. b. A loan applicant knows more about the likelihood her business will be successful than the loan officer. c. Someone considering buying running shoes looks at a number of online reviews by buyers. d. All of the above are correct.
The Fed is often considered the bankers' bank because it:
A. demands much more currency than it has available. B. no longer has a monopoly on printing paper currency. C. lowers the discount rate in order to restrict the money supply. D. holds bankers reserves, provides banks with currency and loans, and clears their checks.
Jim and Fred are the only two cashiers employed at a retail store. Each of them works the same 40 hours per week and each can check out 30 customers per hour by manually entering the price of each product purchased into the cash register. The store owner replaces the old cash registers with new ones that automatically scan product prices into the register. With the new cash registers, Jim and Fred can each check out 60 customers per hour. Their average labor productivity as a team before the new cash registers were introduced was ________ customers per hour and ________ customers per hour after the new machines were installed.
A. 30; 120 B. 30; 60 C. 1,200; 2,400 D. 60; 120