In setting the production level, a firm's cost curves

a. by themselves do not tell us what decisions the firm will make.
b. dictate what decisions the firm will make.
c. have no bearing on what decisions the firm will make.
d. None of the above is correct.

a

Economics

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When the United States imposed a 25% tariff on imported pickup trucks, the price of Japanese pickup trucks in the United States:

a. rose by 25%. b. rose by less than 25%. c. rose by more than 25%. d. fell by less than 25%.

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The federal reserve bank's board of governors consists of __ members appointed by the president of the US to 14 year, nonrenewable terms

A. 8 B. 7 C. 6

Economics