Today, the share of international trade in U.S. GDP is
A) almost 0 percent.
B) about 10 percent.
C) close to 30 percent.
D) more than 150 percent.
Answer: C
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Amy can produce either 5,000 pounds of cheese or 20 cars per year. Mike can produce either 5,000 pounds of cheese or 10 cars per year. Amy's opportunity cost of producing one car is ________ pounds of cheese.
A. 1/250 B. 20 C. 1/20 D. 250
When the production of a good results in a positive externality(such as education) the social value demand curve is
A. To the left of the demand curve, indicating that the total value to society is less than the private benefit. B. To the right of the market demand curve, indicating that the total value to society is greater than the private benefit C. Identical to the market demand curve, indicating that the total cost to society is the equal to the private benefit D. To the left of the market supply curve, indicating that the total cost to society exceeds the private cost
The graph illustrates the supply of soda. If the price of soda rises from $0.50 a can to $1.50 a can, the quantity of soda supplied
A) increases from 0 cans to 4,000 cans a day. B) decreases from 4,000 cans to 0 cans a day. C) remains unchanged because the supply increases not the quantity supplied. D) increases from 0 to 6,000 cans a day. E) remains unchanged because the supply decreases not the quantity supplied.
A requirement for acquiring a related firm to generate value is
a. it be profitable b. you be profitable c. y ou will alter operations because of the acquisition d. all synergies between the firms were exploited before the acquisition