Knock-off goods are the same as gray market goods

Indicate whether the statement is true or false


False

Business

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According to the principle of comparative advantage, specialization and trade increase a nation's total output since

a. resources are directed to their highest productivity. b. the output of the nation's trading partner declines. c. the nation can produce outside of its production possibilities frontier. d. the problem of unemployment is eliminated.

Business

Having the discretion and the means to asymmetrically enforce one’s will over others is known as ______.

A. influence B. compassion C. coercion D. power

Business

The capital structure leverage ratio indicates

a. the sales generated from each dollar of assets. b. the portion of the sales dollar left over for the common shareholders after covering all operating costs and subtracting claims of creditors and preferred shareholders. c. the portion of the sales dollar left over for the preferred shareholders after covering all operating costs and subtracting claims of creditors and common shareholders. d. the proportion of total assets, or total financing, provided by common shareholders contrasted with the financing provided by creditors and preferred shareholders. e. the proportion of total assets, or total financing, provided by preferred shareholders contrasted with the financing provided by creditors and common shareholders.

Business

Which of the following refers to unconscionability under the Uniform Commercial Code?

A) The seller was not aware of the defect at the time of purchase. B) The plaintiff is a minor. C) The contract clause is grossly unfair. D) The lawsuit was brought after the expiration date of the statute of repose.

Business