Which of the following would be primarily determined in factor markets?
a. The number of computers produced
b. The wage rates for high school teachers.
c. The price of automobiles.
d. Sales tax revenues.
b
Economics
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An example of a voluntary export restriction is a:
A) U.S.-imposed limit on the total number of Honda automobiles imported from Japan. B) regulation specifying that each imported Honda automobile must meet certain emission- exhaust guidelines. C) decision by Japan to ship fewer Japanese-built Hondas to the United States. D) tax of 10 percent of the value of each Honda automobile imported from Japan.
Economics
The following question is an example of microeconomic analysis, "What determines the price of gasoline in a particular city or town?"
Indicate whether the statement is true or false
Economics