Differences between trade partners in real hourly wage rates for unskilled labor illustrate
a) the fallacy of the factor-price equalization theorem
b) the importance of different capital endowments
c) discrepancies between nations in accounting procedures
d) the principle of comparative advantage
e) the disequilibria created by international trade
b) the importance of different capital endowments
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Which of the following are examples of injections?
a. government purchases, net taxes and exports b. government purchases, investment spending and exports c. net taxes, imports and household saving d. household saving, imports and government purchases e. exports, imports and household saving
If ATC is falling, then MC must be:
a) rising. b) below ATC. c) equal to ATC d) above ATC. e) falling.
If an investor had a $200,000 long-term capital gain on a $50,000 investment from 1984 to 2010, her real annualized rate of return was most likely
A. equal to the real rate of inflation. B. between 11 and 20 percent. C. between 0 and 10 percent. D. negative.
Identify and explain three pros and three cons for advertising.
What will be an ideal response?