The level of household savings constrains firm investment.
Answer the following statement true (T) or false (F)
True
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_____________ refers to the health and happiness of the total person, involving body, mind, and spirit and includes measures of life expectancy, health, and education
a. Psychographics b. Well-being c. Positive sociology d. Assimilation
To maintain returns from research and development, firms
A) sponsor start-ups. B) keep trade secrets. C) use a fast-second strategy. D) advocate creative destruction.
The taxes paid by citizens are directly related to the benefit of government goods and services received.
A. True B. False C. Uncertain
What happens when two countries apply tariffs against each other in an attempt to capture their terms-of-trade gain?
a. Both countries lose because the terms-of-trade gain for one country is canceled by the tariff in the other country. b. Both countries gain because the terms-of-trade gain for one country is canceled by the tariff in the other country. c. Neither country gains nor loses because the terms-of-trade gain for one country is canceled by the tariff in the other country. d. The country initially applying the tariff gains because it captures the terms-of-trade gain; the other country neither gains nor loses.