The French expression used by free-market advocates, which literally translates as "allow them to do," is
a. laissez-faire.
b. je ne sais pas.
c. si'l vous plait.
d. tête-à-tête.
a
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What are federally chartered banks called?
A) federal banks B) Federal Reserve banks C) national banks D) central banks
A market will tend to be more competitive when
a. there are a small number of firms in the market. b. similar products are available from alternative sellers. c. entry barriers into the market are high. d. governments require firms to meet strict regulatory standards.
Which of the following statements about markets is not true?
A. Markets necessarily have a physical location. B. The two types of markets include the factor and product markets. C. Every market transaction involves an exchange of money for goods or resources or a direct exchange of goods or resources without money called barter. D. Markets have both a demand side and a supply side.
Brazil is able to produce 10 cars and 5 computers in one hour while India is able to produce 1 car and 4 computers in one hour. Brazil has an absolute advantage in producing _________________________.
a) cars and computers b) none of the two goods c) computers d) cars