Question 62

how would a strong u. s. dollar impact the trade of grain produced in the united states?

u. s. grain exports decrease

u. s. grain exports increase

u. s. grain imports decrease

u. s. grain imports stagnate

question 63

two countries produce milk and dairy products efficiently. neither has an absolute advantage. however, country a exports milk to country b, and country a imports cotton from country b. which of the following is inferred?

the opportunity cost of producing milk is lower for country a.

the opportunity cost of producing cotton is higher for country b.

country a has a natural resource advantage in cotton.

country b has a natural resource advantage in milk.

question 64

marx would most likely support a plan for

government ownership of most production

creating a worldwide free trade agreement

eliminating income taxes on the wealthy

income taxes based on ability to pay

question 65

to increase your standard of living, your wages must

rise faster than the inflation rate

rise more slowly than the inflation rate

keep pace with the inflation rate

have a negative inflation rate

What is the equity method balance in the investment in lindman account at the end of 2018?

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be: