If the current equilibrium price for a bushel of corn is $50.00, what happens to the equilibrium price of corn if import restrictions on corn are lifted?

Identify an industry with high fixed costs in the short run

A "double bottom line" is developing and promoting environmentally-sound products and practices to gain a competitive edge. True False

The GDP of country A is $400,000. The GDP of country B is $800,000. Does this mean that the per capita output of country B is about twice that of country A? Explain.

Suppose a nation opened its borders to the free flow of workers from other nations. how would this event likely affect the long-run aggregate supply (lras) curve and the production possibilities curve of the nation?

Skaredykat Inc. is considering initial expansion beyond its home market. The firm has decided not to enter markets that differ greatly from its home market, instead expanding within the twelve-nation region that includes its home country.

A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:

Curtain Co. paid dividends of $10,000; $12,500; and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend.

Describe how legal contracts provide incentives for people to exchange goods and services

List four wan technologies that are carried over the pstn.

Which of the events is likely to occur when the business cycle is in a period of recession (contraction) ? an increase in the standard of living an increase in unemployment an increase in GDP (gross domestic product) an increase in economic growth