An aircraft company has signed a contract to sell a plane for $20 million. The firm buying the plane will pay for it in 5 annual payments (at year end) of $4 million

Figure 4.4 illustrates the supply of tacos. A technological advancement which makes tacos cheaper to produce would most likely cause a movement from

A) point a to point c. B) point c to point a. C) S0 to S2. D) S2 to S0.

Which of the U.S. industries below has not seen major shutdowns and layoffs because of free foreign trade?

A. Textiles. B. Financial services. C. Steel. D. Apparel.