In the specific factors model, the effects of trade on welfare overall are ________ and for fixed factors used to produce the exported good they are ________
A) positive; positive
B) negative; positive
C) positive; negative
D) ambiguous; positive
E) positive; ambiguous
A
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Which form of business organization creates a separate legal being?
a. partnerships and proprietorships b. only proprietorships c. only partnerships d. only corporations e. corporations and partnerships
Copyrights and patents are examples of barriers to entry that give firms monopoly pricing powers
a. True b. False Indicate whether the statement is true or false
Microsoft and its operating system are often cited as an example of a company that grew into a monopoly through:
What will be an ideal response?
The so-called too-big-to-fail policy has two conflicting sides: on one hand there's the moral hazard problem that it creates, but in the other hand the Fed must:
A. Protect the stability of the banking system B. Promote competition among banks C. Ensure the employment of people in financial services D. Control the money supply