What should happen when a country takes a unilateral approach to free trade?

The compensation received for assuming the risk in a balanced portfolio of risky assets is the ______.

a. market risk premium

b. real risk premium

c. security risk premium

d. default risk premium

The nation of Wiknam has five million resident whose only activities are producing and consuming fish. They produce fish in two ways. Each person who works on a fish farm raises 2 fish per day. Each person who goes fishing in one of the nation’s many lakes catches X fish per day. X depends on N, the number of residents (in millions) fishing in the lakes. In particular, if N million people fish in the lakes, each catches X = 6 - N fish. Each resident is attracted to the job that pays more fish, so in equilibrium the two jobs must offer equal pay. a. Why do you suppose that X, the productivity of each fisherman, falls as N, the number of fishermen, rises? What economic term would you use to describe the fish in the town lakes? Would the same description apply to the fish from the farms? Explain. b. The town’s Freedom Party thinks every individual should have the right to choose between fishing in the lake and farming without government interference. Under its policy, how many of the residents would fish in the lakes and how many would work on fish farms? How many fish are produced? c. The town’s Efficiency Party thinks Wiknam should produce as many fish as it can. To achieve this goal, how many of the residents should fish in the lakes and how many should work on the farms? (Hint: Create a table that shows the number of fish produced—on farms, from the lake, and in total—for each N from 0 to 5.) d. The Efficiency Party proposes achieving its goal by taxing each person fishing in the lake by an amount equal to T fish per day. It will then distribute the proceeds equally among all Wiknam residents. (Fish are assumed to be divisible, so these rebates need not be whole numbers.) Calculate the value of T that would yield the outcome you derived in part (c). e. Compared with the Freedom Party’s hands-off policy, who benefits and who loses from the imposition of the Efficiency Party’s fishing tax?

Compared to the short-run industry supply curve, the long-run industry supply curve will be more A. elastic. B. inelastic. C. steeply sloped. D. profitable. E. accurate.

Prepare journal entries to record each of the following transactions. The company records purchases using the gross method and a perpetual inventory system.

$$\begin{matrix} \text{Aug. 1} & \text{Purchased merchandise with an invoice price of \$60,000 and credit terms of } 3 / 10, n / 30.\\ \text{11 } & \text{Paid supplier the amount owed from the August 1 purchase.}\\ \end{matrix}$$

Corrigan Corporation had a beginning inventory of $20,000 and an ending inventory of$24,000. Its net sales were $164,000 and net purchases were$81,000.

Corrigan’s gross profit for the period is a. $79,000. b.$83,000. c. $87,000. d.$164,000.

What fundamental differences exist between classical economics and Keynesian economics? What events led to the popularization of Keynesian economics?

Insert needed commas. In the space provided, indicate briefly the reason for the given comma. For example, write direct address, geographical item, prepositional phrase, introductory verbal phrase, clarity, short quotation, and so forth. If the sentence is correct, write C and include the reason.

Although many people fear that text messaging is harming communication people had the same fears when Alexander Graham Bell introduced the telephone in March 1876. _______________

Insert needed commas. In the space provided, indicate briefly the reason for the given comma. For example, write direct address, geographical item, prepositional phrase, introductory verbal phrase, clarity, short quotation, and so forth. If the sentence is correct, write C and include the reason.

At a recent meeting of our accounting staff we decided that we should all join the American Accounting Association. _______________

Insert needed commas. In the space provided, indicate briefly the reason for the given comma. For example, write direct address, geographical item, prepositional phrase, introductory verbal phrase, clarity, short quotation, and so forth. If the sentence is correct, write C and include the reason.

The billionaire who is one of the investors on Shark Tank taught disco dance lessons while he was a student at Indiana University in Bloomington Indiana. _______________

Insert needed commas. In the space provided, indicate briefly the reason for the given comma. For example, write direct address, geographical item, prepositional phrase, introductory verbal phrase, clarity, short quotation, and so forth. If the sentence is correct, write C and include the reason.

Mark Cuban who is one of the investors on Shark Tank taught disco dance lessons while he was a student at Indiana University in Bloomington Indiana. _______________

Insert needed commas. In the space provided, indicate briefly the reason for the given comma. For example, write direct address, geographical item, prepositional phrase, introductory verbal phrase, clarity, short quotation, and so forth. If the sentence is correct, write C and include the reason.

Marc Benioff the founder and CEO of Salesforce is known as a driven determined and philanthropic man. _______________

Insert needed commas. In the space provided, indicate briefly the reason for the given comma. For example, write direct address, geographical item, prepositional phrase, introductory verbal phrase, clarity, short quotation, and so forth. If the sentence is correct, write C and include the reason.

Marc Benioff by the way was born in San Francisco California in September 1964. _______________

Insert needed commas. In the space provided, indicate briefly the reason for the given comma. For example, write direct address, geographical item, prepositional phrase, introductory verbal phrase, clarity, short quotation, and so forth. If the sentence is correct, write C and include the reason.

On October 241901 Annie Taylor at the age of sixty-four became the first person to go over Niagara Falls in a barrel. _______________