Balancing trade is important because if a nation imports more than it exports,

A. it will create a trade surplus.

B. the value of its currency may fall.

C. the nations goods will not be desirable

D. other nations will stop investing in that nation.

Randy enjoys highly risky, exciting activities such as cliff diving and wind surfing. he is always looking for the next exciting adventure and is bored very easily. randy is:

Average fixed cost (AFC) A. rises as output rises. B. falls as output falls. C. is always fixed across all output ranges for the given production function. D. rises as output falls.

Mary is going to receive a 34-year annuity of $9,900. Nancy is going to receive a perpetuity of $9,900.

Which of the following statements best demonstrates the concept of bounded rationality? A. Individuals make decisions as if they had understood and examined every possible alternative. B.

What is efficiency? A using resources in such a way as to maximize the production of goods and services B replacing old ways of producing goods and services with new tools and methods C finding the most expensive, time-consuming way to produce a

Yogen Früz is a successful chain of frozen yogurt shops originating in Canada. Archeology Investments has an agreement with the Canadian firm that grants rights to its company to open and operate Yogen Früz shops in Dubai, Oman, Qatar, Bahrain, and

What is the difference between marginal cost and marginal revenue? Marginal cost is the money earned from selling one more unit of a good.

The standard number of hours that should have been worked for the output attained is 10,000 direct labor hours and the actual number of direct labor hours worked was 10,500.

Indicate what components of GDP (if any) each of the following transactions would affect. Check all that apply. - You purchase a box of Belgium chocolate - Honda expands its factory in Ohio. - Your parents buy a new house from a local builder.

Which of the following best represents the pricing behavior of firms in a monopolistically competitive industry? A) Unykdrugs, Inc.