11) Which of the following is NOT a major argument for restricting international trade? A) the promotion of dumping in America B) the national security argument C) the infant industry argument D) the prevention of dumping argument E) saves U.S. jobs argument 12) A flawed argument for protection from foreign trade is that i.tariffs save domestic jobs. ii.tariffs protect the national culture. iii.quotas […]
11) Assume someone organizes all farms in the nation into a monopoly. Which of the following occurs? i.Consumer surplus decreases. ii.Economic profit increases. iii.A deadweight loss is created. A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii 12) When a perfectly competitive industry is taken over by a monopoly, some consumer surplus is transferred […]
8.3 Trade Between States 1) An export is any good that is: A) rationed and licensed by the government. B) produced and consumed domestically. C) produced by public-sector firms. D) produced domestically, but sold abroad. 2) An import is any good that is: A) produced and consumed domestically. B) priced through an auction mechanism. C) produced abroad, but sold domestically. D) rationed and licensed […]
61. For the year ended June 30, 2014, the Rosaceae Corporation, a regular C corporation, has a long-term capital loss of $25,000. a. ?Assuming that in addition to the capital loss, the corporation has taxable income, before capital gains and losses, of $25,000 for 2014, calculate the corporation’s tax liability before any credits. b. ? ?Assuming that in addition to the long-term capital loss of […]
8.7 Conflicts of Interest 1) The presence of economies of scope may benefit financial institutions but may create potential costs from ________. A) conflicts of interest B) multiple profitable enterprises C) economies of scale D) unsecured debt 2) Because conflicts of interest increase asymmetric information problems A) the economy will not operate as efficiently. B) loans will not be made. C) banks will […]
121) A production possibilities frontier with a ________ shape indicates increasing opportunity costs as more and more of one good is produced. A) linear B) bowed inward C) bowed outward D) perfectly horizontal 122) Increasing opportunity cost along a bowed out production possibilities frontier occurs because A) of inefficient production. B) of ineffective management by entrepreneurs. C) some factors of production are not equally […]
51) What is a bank run? A) A situation where a commercial bank is holding zero reserves. B) A panic situation where many depositors rush simultaneously to withdraw their deposit money in the form of cash. C) A situation where all commercial banks in the system are simultaneously short of reserves. D) The collapse of a non-commercial bank as a result of non-payment of […]
81. Bost Products Inc.Bost Products Inc. manufactures plastic products and uses process costing to account for the cost of products manufactured. All product costs are added evenly throughout the production process. The following information was available for the plastic department for the month of December: Numberof units ProductionCosts Beginning work-in-process (60% complete) 20,000 $ 72,000 Units started in the current period 300,000 […]
31) To show the values of an economic variable for different groups in a population at a point in time, it is best to use a A) scatter diagram. B) time-series graph. C) linear graph. D) cross-section graph. E) trend-section diagram. 32) A graph that shows how the amount of advertising expenditure differs among various industries can be shown A) by a cross-section graph. […]
28) The first important law regulating monopolies in the United States was A) the Grant Act, which was passed in 1890. B) the Clayton Act, which was passed in 1890. C) the Sherman Act, which was passed in 1890. D) the Federal Trade Commission Act, which was passed in 1914. 29) Which antitrust law prohibited firms from buying stock in competitors […]
What are the key indicators of global climate change, according to NASA? And what evidence should be pointed out to climate skeptics?
How do food exports from wealthy countries to poor countries hurt medium and small farmers in poor countries?
What problems in general do corporate agriculture cause? What are the present-day causes of suicide among family farmers?
What problems does “Farming and biodiversity” address? What are its recommendations? How are these related to the “clean farming revolution” (Week 12)?
Describe either “the case of sugar” or “the story of beef” (in GPCC).
Post to Canvas (ASSIGNMENTS or DISCUSSIONS) by next Sunday, 11:59 pm. 250 word minimum; no maximum word count. Display the word count at the end of your post.
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