The law which prohibits embezzlement of funds by employees or income tax evasion acts as a(n):
a. psychological constraint
b. ethical constraint.
c. organizational constraint.
d. contractual constraint.
B
Economics
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If a country has an absolute advantage in producing a product, it must also have a comparative advantage in producing that product
Indicate whether the statement is true or false
Economics
Periodic fluctuations in GDP are called business cycles
a. True b. False
Economics
The slope of the budget line
a. always equals 1. b. equals income divided by price. c. equals the ratio of the prices. d. decreases as we move from left to right.
Economics
Which of the following is an example of tacit collusion?
a. OPEC b. copper cartel c. price leadership d. government franchise granted to a utility
Economics