Which nation is one of the few African island nations to encourage international trade in government-supported special economic zones (SEZ)?
a. Madagascar
b. Mali
c. Mauritania
d. Mauritius
d. Mauritius
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The Embargo Act (1807):
a. had a devastating effect on U.S. manufacturing. b. led to increases in U.S. exports and per capita income. c. increased U.S. imports, but decreased U.S. exports. d. prohibited U.S. ships from trading with all foreign ports. e. All of the above.
One prediction about monopolistic competition is that it has higher unit costs than perfect competition. But it is unreasonable to conclude that monopolistic competition is therefore bad for consumers because
A) consumers benefit from an increased variety of products. B) higher production costs means more employment. C) consumers benefit from products becoming more homogeneous. D) consumers benefit from lower prices. E) consumers benefit because of an increase in quantity available.
Economic growth is the result of what two factors?
Please provide the best answer for the statement.
Barriers to entry might include all of the following EXCEPT
A) patents and copyrights. B) ownership of essential resources. C) government franchise. D) positive economic profits.