Which of the following would increase the total amount of trade in the world?
A) trade diversion
B) trade deflection
C) trade retention
D) rules of origin
Answer: B
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Briefly explain the behavior of the Federal Reserve considering a balance of payments disequilibria within a fixed exchange rate system
What will be an ideal response?
When a firm sets a price relatively low in order to increase the market share, it is referred as
A) price skimming. B) limit pricing. C) penetration pricing. D) predatory pricing.
According to Danziger and Gottschalk, the two most frequent ways low earners escape poverty is working a second job, and help from relatives
Indicate whether the statement is true or false
A monopsony owner believes that hiring an additional worker would increase the company's revenue by $150 per day. We can conclude that the monopsony pays its workers:
a. more than $150 per day. b. exactly $150 per day. c. less than $150 per day. d. exactly $75 per day.