The idea of the invisible hand was introduced by
a. Wassily Leontief.
b. Adam Smith.
c. Thomas Jefferson.
d. Mountifort Longfield.
b
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A ski resort is clearly "selling short" when it
A) charges lower prices for weekday lift tickets compared to weekend lift tickets. B) offers children and senior citizens discounts on lift tickets. C) charges a two-for-one special on Monday nights only. D) offers a discounted season ticket that must be purchased before the ski season opens.
The WTO
A) is an affiliate of the World Bank. B) is an organization created to oversee NAFTA. C) was established to resolve trade disputes among member nations. D) provides low interest loans to member nations to help develop their export industries.
High interest rates make a firm's long-term investment in new capital
a. riskless. b. less attractive. c. more attractive. d. no more attractive than short-term investment.
Sales tax is an example of an indirect business tax
Indicate whether the statement is true or false