Unlike other methods, present value analysis indicates that a project should be undertaken if the NPV is greater than zero regardless the income distribution.

Which of the following are used as nontariff barriers?

A) health and safety standards B) government procurement policies C) domestic content laws D) All of the above

Avital and Joshua each have their own business selling lemonade in front of their houses. When they each charge 25 cents per glass, their total revenues are equal. However, when they each charge 40 cents per glass, Avital's revenues are bigger than Joshua's revenues. This is because:

a. Joshua faces a more inelastic demand curve. b. Avital faces a more elastic demand curve. c. Joshua faces a more elastic demand curve. d. Avital faces a less inelastic demand curve. e. there is a market failure.