MacDougall compared export ratios and labor productivity ratios for the United States and the United Kingdom in order to test the
A) classical theory.
B) the Heckscher-Ohlin theory.
C) the Linder hypothesis.
D) All of the above.
A
Economics
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Tommy's Teddy Bears incurs $300,000 per year in explicit costs and $50,000 in implicit costs. The shop earns $600,000 in revenues and has $1.1 million in net worth. Based on this information, what is accounting profit for Tommy's Teddy Bears?
A) $250,000 B) $300,000 C) $500,000 D) $1.35 million
Economics
During the 1990s, which of the following did NOT occur?
A) Private savings fell. B) Investment rose. C) The United States received capital inflows. D) Private savings was greater than investment for most of the 1990s.
Economics