The economic development in Central America and the Caribbean countries has suffered from problems mentioned below except
a. The extreme poverty prevailing in the country
b. Prolonged and continued U.S. military intervention in the region
c. The rich people buying many luxury goods
d. Substandard educational system that cannot cater to the needs to the industry
e. Availability of rich middle class in the country
Ans: b. Prolonged and continued U.S. military intervention in the region
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Domestic firms operating abroad may find it economically beneficial to adopt environment-friendly standards because
A) foreign nations may be upset if firms do not use the environment-friendly technology. B) the least-cost strategy usually involves the adoption of one set of environment-friendly technology rather than multiple standards. C) they may be forced to replace the old technology whenever the foreign country experiences positive economic development. D) their environment-unfriendly technology may be replaced by foreign-based technology. E) Only C and D are correct.
Historically, many businesses have preferred specialized task assignment for employees over broad task assignments. Why has this been the case?
What will be an ideal response?
Refer to the above table. The table represents information on the costs for Ajax Corporation. Ajax operates in a perfectly competitive market and the price of the product is $7. What does profit equal when quantity equals 2?
A. $2 B. $16 C. $14 D. -$2
In 2008, the Fed and the Treasury began attempting to stabilize the commercial banking system through the Troubled Asset Relief Program (TARP) by
A) allowing domestic banks to be taken over by foreign banks. B) permitting banks to sell commercial bonds to the Federal Reserve Bank. C) allowing banks to double any outstanding claims for federal deposit insurance reimbursements. D) providing funds to banks in exchange for stock.