The owner or owners control the day-to-day activities of which of the following types of business?
A) corporations and partnerships
B) partnerships and sole proprietorships
C) sole proprietorships and corporations
D) only corporations
Answer: B
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Referring to Figure 19.1, if the exchange rate is currently 14 pesos per dollar, then we expect the dollar to ________ and the peso to ________
A) depreciate; appreciate B) depreciate; depreciate C) appreciate; appreciate D) appreciate; depreciate
Which of these describes the real gross domestic product?
a. Gross domestic product from which depreciation costs have been deducted b. Gross domestic product that has been adjusted for changes in the price level c. Gross domestic product from which taxes have been deducted d. Gross domestic product that has been adjusted for changes in exchange rate e. Gross domestic product that has been adjusted for changes in interest rates
After accounting for differing _________ as well as _________, evidence for many countries is broadly consistent with the HeckscherOhlin model.
a. factor productivities; factor endowments b. preferences; factor productivities c. preferences; factor endowments d. factor endowments; generalities
Which of the following contributed to the Asian Crisis?
A. Borrowers in the Asian countries scrambled to sell local currency to establish hedges against exchange-rate risks. B. The strong capital inflows from the industrialized countries mainly provided financing for large fiscal deficits in the Southeast Asian countries. C. The Hong Kong dollar was allowed to depreciate. D. The currencies of most of the Asian countries were substantially undervalued.