My last micro class help questions?

25) From the point of view of consumer and producer surplus, what problem may be created when a country subsidizes the cost of energy to consumers to help alleviate the burden of higher energy costs? A. It hurts the poor and benefits the rich. B. It leads to less fuel being used than the amount that maximizes consumer surplus. C. It encourages the consumption of too much fuel at the expense of other goods. D. It has no effect; consumers gain a surplus, but taxpayers lose the same amount because they must finance the subsidy. 26) Suppose people freely choose to spend 40 percent of their income on health care, but the government decides to tax 40 percent of a person's income to provide the same level of coverage as before. What can be said about deadweight loss in each case? A. Taxing income results in deadweight loss, while purchasing health care on one's own does not result in deadweight loss. B. Taxing income results in less deadweight loss, because government knows better what health care coverage is good for society. C. There is no difference because the goods are purchased in the market in either case. D. There is no difference because the total spending remains the same and the health care purchased remains the same. 27) The U.S. textile industry is relatively small because the US imports most of its clothing. A clear result of the importation of clothing is A. there is less variety available than there would be without imports B. the quality of clothing is lower than it would be without imports C. the price of clothing is higher than it would be without imports D. the price of clothing is lower than it would be without imports 28) Countries can expect to gain from international trade as long as they A. keep production diversified B. specialize according to their comparative advantage C. produce only those goods for which they have a relatively high opportunity cost D. use trade restrictions to reduce competition for domestic producers 29) Which of the following is an example of the law of one price? A. Exchange rates tend to have equivalent values. For example, one Italian lire equals one U.S. dollar. B. Because people have essentially the same basic needs wherever they live, they tend to buy the same bundle of goods. C. Because wages are so much lower in China, eventually all U.S. jobs will be outsourced to China, leaving the US to import all goods at one price. D. Because their countries have similar institutions, the price paid for a computer in Germany and the United States are about the same when converted into the same currency. 30) The fact that U.S. managers' salaries are substantially greater than those of comparable managers in Japan may be related to A. an increase in the demand for CEOs B. an increase in the supply of CEOs C. the comparatively greater competitive markets in Japan D. the greater number of public goods provided in the United States

Asked By: leonard - 3/1/2012
Best Answer - Chosen by Asker
25) c. Sorry cant do them all
Answered By: Tami - 3/1/2012
Additional Answers (0)
Sponsored results
Up to $47/hr Part-Time Job Openings. Free Schedule, No Scam. Start Now
Accounting Manager Jobs Available. Up to $17-78/HR - Apply Now
International Tax
View International Tax; Get Answers Now on! Tax

Other Career Questions

I recently received this email and it sounds like a scam. HERE IT IS... Hi For the purpose of expending our business in USA we are looking for a manager, a person living in USA,who will receive ...
4 answers - Asked By: Dash - 5/9/2013
I found this job entry on craigslist and here is the email they sent me: Dear Applicant, Your Resume has been received in response to our listing, However this is a whole new innovation ...
4 answers - Asked By: Matt - 12/20/2012
We refer to your earlier application submitted for job engagement in our company.We have in file your Cv/Resume forwarded through our recruting partner.After the evaluation of your Resume and intervie...
6 answers - Asked By: miah - 4/3/2012

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular International Tax Manager Articles

Finance Jobs Article Rating
Whether your beat is auditing, tax, financial analysis, lending or another specialty, explore careers in finance and search for finance jobs now.
Finance Jobs Outlook Cautiously Optimistic for 2010 Article Rating
Will the finance jobs market continue its slump or turn upward? Get the latest employment forecasts for financial services and accounting.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-320