If a firm expects that the price of its product will be higher in the future than it is today, then
A) the firm has an incentive to decrease supply now and increase supply in the future.
B) the firm has an incentive to decrease quantity supplied now and increase quantity supplied in the future.
C) the firm has an incentive to increase supply now and decrease supply in the future.
D) the firm will go out of business.
A
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The marginal cost of a vacation in Jamaica is $3,500 . The marginal benefit to Jordan of a vacation in Jamaica is $3,000. a. According to the rule of rational choice, Jordan should choose not to vacation in Jamaica at this time
b. According to the rule of rational choice, Jordan will experience a net gain of $500 if he vacations in Jamaica. c. According to the rule of rational choice, Jordan should borrow $500 and vacation in Jamaica. d. According to the rule of rational choice, Jordan will experience a net gain of $3,000 if he vacations in Jamaica.
A_____ level of trade indicates that a good portion of the nation’s ______ is exported.
a. low; production b. high; production c. high; capital d. low; capital