To increase the sale of goods and services, companies must regard their own countries as their market.
Indicate whether the statement is true or false.
Ans: False.
You might also like to view...
Jerry's Marginal Utility for consuming beer and pizza with $8.00 in income
In the above table, how many hotdogs and beers will Jerry consume if the price of one hotdog is $2.00 and the price of a beer is $2.00?
A. 1 hotdog and 3 beers B. 2 hotdogs and 3 beers C. 3 hotdogs and 1 beer D. 2 hotdogs and 2 beers
If we allow interpersonal comparisons of utility, and the law of diminishing marginal utility holds, then what can we reasonably suppose about the marginal utility of Bill Gates' millionth dollar?
a. It is less than the marginal utility of your hundredth dollar. b. It is more than the marginal utility of your hundredth dollar. c. It is equal to the marginal utility of your hundredth dollar. d. It is equal to zero. e. It yields higher satisfaction than your hundredth dollar.
In Sweden
A. the government has kept unemployment low by offering industry and workers a series of subsidies and incentives. B. education is free from nursery school through college. C. women may take a year off work after child birth while receiving 80 percent of their pay. D. All of the choices are true.
Why is marginal revenue less than price for a monopolist?
What will be an ideal response?