Economic growth is severely impeded in economies
A) with a lack of clear property rights. B) with high rates of convergence.
C) which encourage induced innovation. D) with a strong market system.
A
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When a factor of production is in fixed supply, the revenue it earns
a. consists entirely of rent. b. is an efficiency wage. c. is independent of how the resource is used. d. consists entirely of deadweight loss.
If the price exceeds the average variable cost, by producing the level of output such that marginal revenue equals marginal cost, the firm ensures that it will
A) earn an economic profit. B) not suffer any losses. C) earn the largest profit possible. D) survive in the long run.
Transfer pricing is a strategy that may be used by MNEs to ________.
A) reduce consolidated corporate income taxes B) partially finance a subsidiary in another country C) transfer funds from a subsidiary to the parent corporation D) all of the above
Information that is difficult to measure is called
a. quantitative b. qualitative c. longitudinal d. dependent