Price increases always reduce economic efficiency.
Answer the following statement true (T) or false (F)
False
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A firm's foreign direct investment. decisions are, in the case of horizontal FDI, strongly influenced by ________ and, in the case of vertical FDI, strongly influenced by ________
A) trade costs; production costs B) materials costs; labor costs C) production costs; materials costs D) production costs; trade costs E) labor costs; trade costs
"Reciprocity pacts" started springing up in the
A) 1920s. B) 1950s. C) 1960s. D) 1980s.
An organization with hierarchy
A) is needed to define property rights between knowledge workers. B) remains an effective way to manage knowledge workers. C) is not an effective way to manage knowledge workers. D) none of these choices.
"Other things equal, when the price of a good rises, the quantity demanded of the good falls, and when the price falls, the quantity demanded rises.". This relationship between price and quantity demanded
a. applies to most goods in the economy. b. is represented by a downward-sloping demand curve. c. is referred to as the law of demand. d. All of the above are correct.