Trade will be beneficial for a nation with a comparative advantage in producing a certain product.
Answer the following statement true (T) or false (F)
True
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Saving is equivalent to withdrawing financial capital from the market.
Answer the following statement true (T) or false (F)
The manager-stockholder conflict generally becomes worse
A) the smaller the firm. B) the larger the firm. C) the more the firm borrows from banks. D) the less the firm borrows from banks.
What percentage of American workers now belong to labor unions?
a. less than 20 percent b. about 40 percent c. about 60 percent d. more than 80 percent
The general rule for allocating a productive resource efficiently across different production activities of the same product, like fishing boats in the text case example, is to choose the allocation for which the
A. marginal product of the resource is the same in every activity. B. total product of the resource is the same in every activity. C. average product is equal to the marginal product in every activity. D. average product of the resource is the same in every activity.