Labor productivity tends to fall as the capital to labor ratio rises
a. True
b. False
Indicate whether the statement is true or false
False
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Under the cartel, the price is 
Figure 42.2
A. P1. B. P2. C. P3. D. 0.
In considering the financial history of the transcontinental railroads, the text argues that: a. there was surprisingly little corruption given the corruption in other walks of life at the time. b. there was surprisingly little corruption, mostly involving the buying off of federal regulators when rate controls became unreasonable. c. there was a great deal of corruption, mostly in the form of
high fees chargedimmigrants for what was really free federal land. d. there was a great deal of corruption, mostly because construction companies were run by insiders.
Natalie can produce 6 shirts in a day, or cook three meals. Her opportunity cost of producing a shirt is 2 meals
Indicate whether the statement is true or false
Foreign direct investment occurs when a company:
a. purchases foreign securities such as stocks and bonds. b. establishes foreign operating units. c. enters into a contractual agreement involving exchange of services and payments. d. engages in international trade. e. gives aid to a Third World country.