If firms have more capital, it is ________ for workers
A) harmful B) ineffective C) beneficial D) unimportant
C
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The market value of all domestically produced final goods and services are also equal to the total amount spent by ________ less spending on imported goods and services.
A. households, firms, and governments B. households, firms, and the foreign sector C. households, firms, governments, and the foreign sector D. households and firms
Of the four major market structures, oligopoly is the worst at achieving economic efficiency
a. True b. False
The intent of parity pricing in the farm industry is to
a. drive inefficient farmers out of business b. allow a market to reach its equilibrium price c. provide only low-income farmers with government aid d. increase farm productivity with new technologies e. maintain farmers' purchasing power relative to nonfarmers
Most trade agreements contain countries in the same area of the world. Why is this so?
A) The distances that goods need to travel between such countries are short. B) Distribution channels are not easily established in adjacent countries. C) Adjacent countries are reluctant to coordinate policies. D) Neighboring countries usually lack a common history and interests