An embargo is a prohibition against trading particular goods.
Answer the following statement true (T) or false (F)
True
Embargoes, such as the U.S. embargo against Cuba, prevent imports and exports with the country that is embargoed.
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The relationship between distance traveled in five hours and speed shown in the figure above is
A) positive. B) negative. C) inverse. D) cross-sectional. E) multilateral.
The rule of MC = MR does not apply to a monopolist.
Answer the following statement true (T) or false (F)
A firm earns a profit of exactly zero at its optimal output level only if
a. P = MR. b. P = MC. c. P = AC. d. P = SR AVC.
Moral hazard is a barrier to financing global growth because
A. if investors have trouble identifying high-risk firms they may be unwilling to give money to creditworthy firms. B. firms sometimes have trouble determining whether they need funds or not. C. of the differences between financing using loans, portfolio investment and foreign direct investment. D. there is the possibility that the funds are used for riskier behavior than the lender agreed to.