Refer to above figure. The monopolist can export as much as it likes of its steel at the world price of $5/ton. How much steel will the monopolist sell, and at what price?

If the interest rate is 5%, what is the present value of a security that pays you $1, 050 next year and $1,102.50 two years from now? If this security sold for $2200, is the yield to maturity greater or less than 5%? Why?

What will be an ideal response?

Which of the following is one of the main reasons why China has recently received large amounts of foreign direct investment?

a. The prospect that multinational firms have of selling to the massive Chinese market b. The lack of environmental standards under the communist government of China c. The prospect of using forced child labor for cheaper production in this country d. The relative strength of the Chinese currency, which makes any investment there worthwhile e. The advanced southeast Asian highway system, which makes transportation extremely efficient