Boeing Corporation and Airbus Industries are the only two producers of long-range commercial aircraft. This market is not perfectly competitive because:
A. Airbus cannot sell aircraft to the United States government.
B. each company has annual sales over $10 billion.
C.Airbus receives subsidies from the European Union.
D. all of the above
E. each company can significantly affect prices.
E. each company can significantly affect prices.
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The presence of navigable rivers and fertile soil is seen as a source of economic prosperity under the:
A) location hypothesis. B) geography hypothesis. C) culture hypothesis. D) institutions hypothesis.
Research and development refers to
A. the act of discovering new products or new ways of making products. B. the act of putting new ideas into effect. C. activities aimed at inventing new products or process, or improving existing ones. D. the collaboration between the private sector and public sector.
During the past quarter of a century, which of the following has contributed to the economic growth of China?
a. agricultural reforms adopted in the late 1970s b. low taxes and deregulation in the special economic zones that were established during the 1980s c. the relaxation of restraints on foreign trade and joint ventures d. all of the above
Rock Crushers Limited produces smaller rocks from larger rocks. As part of the production process, Rock Crusher Limited takes the below listed actions. Which is a capital investment?
A. Covering the payroll for their rock crushing technicians. B. Purchasing large rocks and crushing them into smaller rocks. C. Storing suitably crushed rock for future sales. D. Making interest payments on their bonds.