The principle that trade can make everyone better off applies to
a. individuals.
b. families.
c. countries.
d. All of the above
d
You might also like to view...
A firm is a monopoly if
a. it faces a demand curve for its product that equals market demand. b. it is a very large firm. c. it takes its rivals' actions into account when choosing its price and output levels. d. its production decisions do not affect the price of its product.
The popularity of digital cameras has enticed large discount stores like Wal-Mart and Costco to offer digital photo printing services. How does this affect the digital photo printing market?
A) The demand curve for digital photo printing services shifts to the left. B) The supply curve for digital photo printing services shifts to the right. C) The supply curve for digital photo printing services shifts to the left. D) The demand curve for digital photo printing services shifts to the right.
Suppose that the government wants to increase income without changing the interest rate. How can they accomplish this?
a. Increase government spending and reduce the money supply. b. Increase government spending and the money supply. c. Increase taxes and the money supply. d. Reduce government spending and increase the money supply.
If a firm decides to stop its sales agents from pricing too aggressively to make sales by requiring the agent to obtain permission to reduce price below a specific threshold, and the manager has all the relevant information transferred to him by the firm, the solution would
a. Work b. Not work c. Not work in all circumstances d. None of the above