According to Tobin's q theory, when equity prices are high the market price of existing capital is ________ relative to new capital, so expenditure on fixed investment is ________

If a foreign producer sells a good in a country at a lower price than in its home market, this is called

A) a countervailing duty. B) a tariff offset. C) dumping. D) a reverse tariff.

Assume a consumer purchases a combination of goods X and Y such that MUx / ?Px = 20 units of utility per dollar and MUy / Py = 10 units of utility per dollar. To maximize utility, the consumers should buy:

a. neither X nor Y. b. less of both X and Y. c. more of both X and Y. d. more of X and less of Y. e. less of X and more of Y.