Trade between countries that is without restrictions is called
A) unobstructed commerce.
B) unabated trade.
C) free trade.
D) unencumbered trade.
Answer: C
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A country has 6,000 total efficiency units of labor. If the average efficiency of each worker in the economy doubles, the country will have ________ efficiency units of labor, everything else remaining unchanged
A) 48,500 B) 36,000 C) 300 D) 12,000
The idea of efficiency is used to address which of the following questions?
A. What are the wants and constraints of those involved? B. What are the trade-offs? C. How will others respond? D. Why isn't everyone already doing it?
When a firm wants to borrow directly from the public to finance the purchase of new equipment, it does so by selling shares of stock
a. True b. False Indicate whether the statement is true or false
Some argue that the best response to monopolies is no response at all, because:
A. the creation of regulation may be too difficult. B. no one can ever decide which monopolies to regulate. C. left unchecked, all monopolies eventually shut down. D. they are too powerful to be dealt with effectively.