Refer to the information provided in Table 21.6 below to answer the question(s) that follow. Table 21.6
Refer to Table 21.6. The value for net exports in billions of dollars is
A. 800.
B. 200.
C. -200.
D. -500.
Answer: C
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If a cartel firm is producing a quantity at which the marginal revenue is equal to the marginal cost, the firm ________.
A) is producing less than the agreed upon quantity B) is not producing the agreed upon quantity C) has not acted in self-interest D) has erected a barrier to entry
A country with a lot of land relative to its population may have a comparative advantage in:
A. capital-intensive activities. B. labor-intensive activities. C. technology-intensive activities. D. land-intensive activities.
The role of government in fostering economic growth in DVCs has been criticized because:
A. Most governments operate as dictatorships B. There is often poor administration and corruption in government C. Government is generally supportive of business at the expense of labor D. Governments have adopted the unpopular method of forced savings to stimulate investment
A _____ requires workers to comply with orders from a boss, who need not consult them when making decisions, and to be paid for their cooperation
a. residual claimant b. hierarchy c. shareholder d. cooperative