The easiest economic sector to be ‘globalized' is
a. merchandise trade
b. capital flows
c. migration of labor
d. technology transfer
e. none of the above
B
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All of the following methods can be used to motivate agents to advance the principal's agenda rather than their own except for which one?
A) offering stock options B) offering profit sharing C) offering sales commission D) offering certification
A perfectly inelastic demand implies that buyers
a. decrease their purchases when the price rises. b. purchase the same amount as before when the price rises or falls. c. increase their purchases only slightly when the price falls. d. respond substantially to an increase in price.
Ceteris paribus, which of the following is most likely to cause an increase in the quantity supplied of perfume?
A. An increase in the salaries paid to perfume makers. B. An increase in the price of perfume. C. An improvement in perfume-making technology. D. An increase in the number of sellers of perfume.
Economics deals with choices
A. that involve what people only need to survive. B. that involve the wants of individuals. C. that people make without self-motivated interest. D. that people normally do not make.