Which of the following would increase GNP in the United States?
A) an increase in the production of U.S.-owned General Motors cars made in Mexico
B) an increase in the production of Japanese-owned Toyota cars in Mexico
C) an increase in the production of Japanese-owned Toyota cars in the U.S.
D) an increase in the production of Mexican-owned Grupo Minsa corn in the U.S.
Answer: A
You might also like to view...
In order to hire an additional worker, a monopsony must pay
A) a higher wage rate than it paid before. B) the same wage rate it paid before. C) a lower wage rate than it paid before. D) a wage rate that is sometimes higher, sometimes lower, and sometimes the same as before, depending on the elasticity of the supply of labor.
Always There Wireless is wireless monopolist in a rural area. There are 200 customers, each of whom has a monthly demand curve for wireless minutes of Qd = 200 - 100P, where P is the per-minute price in dollars and Q is the number of wireless minutes. The marginal cost of providing the wireless service is $0.25 per minute. If Always There charges $0.25 per minute, how large of a fixed monthly fee can it charge and still persuade customers to buy their service?
A. $200 B. $153.13 C. $306.25 D. $175
Monopolies may earn zero economic profit because of
a. zero marginal cost b. barriers to entry c. patents and copyright laws d. economies of scale e. government price regulation
In the following regression equation, y is a binary variable:
y = 
0+1x1+…kxk+ u
In this case, the estimated slope coefficient,
measures _____.
A. the predicted change in the value of y when x1 increases by one unit, everything else remaining constant
B. the predicted change in the value of y when x1 decreases by one unit, everything else remaining constant
C. the predicted change in the probability of success when x1 decreases by one unit, everything else remaining constant
D. the predicted change in the probability of success when x1 increases by one unit, everything else remaining constant