David Ricardo's simplified trade model is based on all of these assumptions EXCEPT
a. costs do not vary with the level of production.
b. the level of technology is fixed for all nations.
c. capital is the only factor of production.
d. perfect competition prevails in all markets.
c. capital is the only factor of production.
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Reductions under the doctrine of abatement are proportionate for all beneficiaries ________
A) when there are residuary gifts and special gifts B) when there are residuary and general gifts C) when there are only general gifts D) when there are only residuary gifts
When the actual merchandise is purchased at the time of the sale on a commodities exchange it is known as:
a. spot market trading b. a bull market c. round lot market trading d. bear market trading e. futures market trading
Chapter 7 bankruptcy petitions may only be filed voluntarily
a. True b. False Indicate whether the statement is true or false
Characteristics of individuals, groups, or organizations that are used for dividing a total market into smaller homogeneous groups are called ____ variables.
A. marketing B. classification C. segmentation D. stratification E. dividing