Reasons why a corporation could choose to produce in another country include all of the following except
a. lower labor costs
b. avoid overseas transportation costs
c. limited liability
d. circumvent tariffs
e. lower resource costs
C
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What is consumer surplus?
What will be an ideal response?
Microeconomics approaches the study of economics from the viewpoint of:
a. inflation, unemployment, and economic growth. b. the federal government. c. individual economic units, such as consumers, firms, and units of government. d. the economy as a whole.
Microfinance refers to:
A. Small-size stock markets with very limited capitalization B. A system of providing credit to small-business owners C. Bond markets for governments of small nations D. Deposits in small banks in developing nations
A person will do more good pursuing his own self-interest than if he consciously set out to promote the public good was the view of
A. Karl Marx. B. John Maynard Keynes. C. Mikhail Gorbachev. D. Adam Smith.