Which choice below illustrates the tradeoff faced by surfboard manufacturers after Clark foam shut down in 2005, eliminating 80% of the worlds foam blanks used to shape surfboards? The firms decide to
A) substitute foam blanks for balsa wood blanks as used in the 1940s.
B) advertise their new surfboard wax.
C) offer surf classes.
D) B and C
A
You might also like to view...
The Double Dividend Effect requires
A. double credit on airline miles. B. two different taxes. C. no taxes on stock dividends. D. Pigouvian taxes.
The most severe financial crisis in U.S history occurred in the years ________
A) 2006-2008 B) 1997-98 C) 1929-33 D) 1873-93
If the Fed buys bonds in an open market operation, which of the following is most likely to occur?
a. the equilibrium level of GDP will decrease. b. the money supply will decrease. c. the aggregate demand curve will shift to the right. d. the interest rate will rise. e. the aggregate supply curve will shift to the left.
Which of the following are problems that may limit economic growth in developing countries?
a. geography b. health c. governance d. all of the above.