If a U.S. shirt maker purchases cotton from Egypt, U.S. net exports
a. increase, and U.S. net capital outflow increases.
b. increase, and U.S. net capital outflow decreases.
c. decrease, and U.S. net capital outflow increases.
d. decrease, and U.S. net capital outflow decreases.
d
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The corn basis in Nevada is about -$0.20/bu. The corn basis in Gilbert is about -$0.25/bu. Where a corn farmer located in Ames, halfway between Nevada and Gilbert, should ship his corn to make the most money?
A. Nevada. B. Gilbert. C. The farmer is indifferent between the two locations because they are the same distance from him. D. None of the above.
What strategic advantage compared to a Cournot Oligopoly results in the Stackelberg outcome?
A) the ability to move first B) the ability to set price C) the ability to set quantity D) the ability to make independent decisions by the Stackelberg leader