Which of the following is a fallacy of international trade?
a. Trade is a zero-sum activity.
b. Exports increase employment in exporting industries.
c. Import restrictions increase employment in import-competing industries.
d. Tariffs and quotas reduce trade.
a. Trade is a zero-sum activity.
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In a federal form of government, the national government does not share sovereign power with the states.?
Indicate whether the statement is true or false
Indirect costs, such as manufacturing overhead, are variable costs.
Answer the following statement true (T) or false (F)
One problem that can occur in downward communication is
A. too much transparency. B. failure to record conversations. C. lack of variation in the mode of transmission. D. failure to protect one another's feelings. E. lack of openness.
The accumulated earnings tax is imposed on a partnership formed for or availed of for the purpose of avoiding the income tax with respect to its owners by permitting earnings and profits to accumulate instead of being divided or distributed.
Answer the following statement true (T) or false (F)