Which of the following (if any) is a disadvantage of economic integration?
(a) Trade diversion
(b) Loss of sovereignty
(c) Loss of jobs to low wage countries
(d) All of the above
(e) None of the above
(d) All of the above
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Managers who collect information and use analytical techniques make decisions that are ______.
A. based on gut instinct B. quick and easy C. less effective and profitable D. more effective and profitable
If a new partner is given a 20% interest in the firm then the new partner will receive a 20% interest in earnings
Indicate whether the statement is true or false
Which of the following statements is an example of a futures market transaction?
A) An executive has a portion of his current year salary deferred until he retires. B) An investor purchases 100 shares of IBM hoping to sell it in two years for a profit. C) A company purchases an option to buy 1000 barrels of oil anytime between now and the end of the year. D) A company agrees to purchase 1000 barrels of oil for delivery in six months at a price of $70 per barrel.
Travel Lines offered to sell 10 round-trip tickets to Elaine. Travel Lines stated that the acceptance must be in writing by USPS next-day service. Which of the following acceptances will create a contract between Travel Lines and Elaine?
A. Elaine calls Travel Lines and states that she will buy the tickets. B. Elaine sends a fax to Travel Lines stating she will buy the tickets. C. Elaine sends a letter by USPS next-day service to Travel Lines stating that she will buy the tickets. D. All of the these responses will create a contract between Travel Lines and Elaine since they constitute reasonable means of communication.