A country cannot set its own policies toward the international movement of productive resources.
Answer the following statement true (T) or false (F)
False
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Suppose the CEO of a major corporation has five subsidiary companies. Only one of these companies is making better than the return on similar investments that the company could be making if it invested its financial capital outside the company
The CEO tells each of these subsidiary companies that the rate of return that they are earning is not acceptable and must rise to the level of these identified companies. He tells them if they can't come up with a plan in twelve months that their companies will be sold. If each of these companies was actually making money can you come up with an economic argument for why it is still rational for this CEO to sell them if they don't abide by his directive.
Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Estonia gain compared to the "without trade" numbers?
A) 0 B) 10 C) 40 D) 50
"Fixed exchange rates are not even an option for most countries." Discuss
What will be an ideal response?
Under perfect competition, the firm must decide
A) the best price to charge for its product. B) the best rate of output it should produce. C) the optimal level of advertising to engage in. D) the optimal level of quality and the packaging that will maximize profits.