Compared to the other sources of spending, net exports is
A) large and negative.
B) small and negative.
C) large and positive.
D) small and positive.
B
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Free riding can be found in team structures
Indicate whether the statement is true or false
We know that industrial countries tend to trade with other industrial countries. This pattern counters the:
a. preference theory of comparative advantage. b. factor abundance theory of comparative advantage. c. concept of intraindustry trade. d. product life cycle theory of comparative advantage. e. human skills theory of comparative advantage.
When firms have had to defend themselves against the charge that they have adopted unjustifiably low prices either to drive a competitor out of business or to prevent the entry of a rival, they have been accused of
a. creating a trust. b. conspiracy. c. predatory pricing. d. price discrimination.
Price discrimination does not allow a producer to
A. Obtain greater total revenue. B. Obtain higher profits. C. Designate a point above the market demand curve as the new equilibrium. D. Charge both higher and lower prices.