Australia is a net exporter of wool, free trade will benefit the ________.
A. poor citizens of the Australia
B. domestic producers
C. rich citizens of the Australia
D. domestic consumers
Answer: B
Economics
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A financial innovation that developed as a result of banks avoidance of bank branching restrictions was
A) money market mutual funds. B) commercial paper. C) junk bonds. D) bank holding companies.
Economics
Suppose that a competitive firm hires labor up to the point at which the value of the marginal product equals the wage and that labor is the only input that varies for the firm. If the firm pays a wage of $700 per week and the marginal product of labor equals 10 units per week, then the marginal cost of producing an additional unit of output is
a. $7. b. $70. c. $700. d. We do not have enough information to answer this question.
Economics