According to free market economic models, free trade across countries encourages all of the following except:
A. More efficient utilization of scarce resources
B. Increased size of product markets
C. Generalist countries (i.e., countries that can produce some of everything)
D. Reduced monopoly power of domestic companies
C. Generalist countries (i.e., countries that can produce some of everything)
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Unit labor costs will not rise in unison with wage rates if
A. productivity decreases faster than wages increase. B. the governments institute wage and price controls. C. advertising costs decline. D. interest rates rise less than wage rates. E. the gains in productivity are greater than wage increases.
The two forms of supply chain assets are
A) capacity and inventory. B) capacity and revenue. C) inventory and revenue. D) inventory and warehouse space.
Explain the concept of self-insurance. Why is all self-insurance assumption, but not all assumption self-insurance?
What will be an ideal response?
Certain contracts as a part of the employment relationship are held to violate public policy
a. True b. False Indicate whether the statement is true or false