Which of the following is an extreme form of risk associated with investing in a foreign country?
a. Credit risk
b. Labor unrest
c. Expropriation
d. Immigration rules
c
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If firms pollute when they produce:
a. marginal social cost equals marginal private cost. b. marginal private cost exceeds marginal social cost. c. marginal social cost exceeds marginal private cost. d. marginal social cost equals marginal external cost.
A physician's knowledge and skills are referred to by economists as
a. human capital b. labor c. physical capital d. entrepreneurship e. intellectual raw materials
If the price of a good starts out above the equilibrium price, then
a. consumers will compete to bid the price up b. suppliers will compete to bid the price up c. suppliers will compete to bid the price down d. consumers will compete to bid the price down e. producers will hire more labor to produce more of the good
Refer to the graph shown. Initially, the market is in equilibrium with price equal to $3 and quantity equal to 100. Government imposes a tax on suppliers of $1 per unit. The effect of the tax is to:
A. lower the price sellers keep after paying the tax. B. raise the price consumers pay from $3 to $4. C. raise the price sellers keep after paying the tax. D. lower the price consumers pay from $3 to $2.