International trade is possible in part through:
A) inefficiently employing resources.
B) restricting the rate of growth of output.
C) generalization in the production of all goods.
D) specialization in the production of goods.
Ans: D) specialization in the production of goods.
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Which of the following is a valid shortcoming of the use of foreign aid to eradicate poverty?
A) It may not lead to a sizeable increase in physical capital in poorer countries. B) It is difficult to transfer aid to poor countries. C) It can lead to polarization of the world economy. D) It mostly leads to the transfer of resources among rich countries.
When money is used to set the value of goods such as cars, VCRs and TVs, money serves as a
a. Store of Value. b. Medium of Exchange. c. Standard of deferred payment. d. Unit of account. e. None of the above.
Which list ranks assets from most to least liquid?
a. money, bonds, cars, houses b. money, cars, houses, bonds c. bonds, money, cars, houses d. bonds, cars, money, houses
The type of advertising that emphasizes the features of its product is
A. search advertising. B. informational advertising. C. experience advertising. D. persuasive advertising.