The difference between the sale value of the product and the value of the inputs that went into it is called the:
A. value-added of that stage of production.
B. profit margin.
C. mark up.
D. value of the final product.
Answer: A
Economics
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Refer to Figure 9.9. At free trade, domestic consumer surplus would be
A) $20,000. B) $27,500. C) $40,000,000. D) $45,000,000. E) $75,625,000.
Economics
If nations erect tariffs and quotas to restrict trade, what is likely to happen to predicted values of currencies drawn from the purchasing power parity theory?
a. They will be understated for tariffs and overstated for quotas. b. They will be overstated for tariffs and understated for quotas. c. They will be the correct values. d. They will be incorrect.
Economics