The most rapid expansion in the use of electricity was in the period from
A. 1900-1910.
B. 1910-1920.
C. 1920-1930.
D. 1930-1940.
C. 1920-1930.
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Japan can use all of its resources to produce 100 videos or 400 shoes. China can use all of its resources to produce 25 videos or 200 shoes
Which nation has the comparative advantage in shoes and which nation has the comparative advantage in videos?
An industry's total revenue is $100 million. The above table shows the total revenue of the four largest firms in an industry
a. Calculate this industry's four-firm concentration ratio. b. Is this industry competitive? c. What market type does it most likely represent?
Over its history, Spain has loaned more money abroad than foreigners have lent to it. Spain is a
A) net lender. B) net borrower. C) creditor nation. D) debtor nation.
Which of the following statements about business organizations is TRUE?
A) Partnerships are more common than proprietorships and are responsible for a larger percentage of business receipts. B) Proprietorships are more common than either partnerships or corporations but are responsible for the smallest share of total business receipts. C) Corporations are larger in number than either proprietorships or partnerships and also receive a larger percentage of total business receipts. D) Partnerships are larger than both proprietorships and corporations but are less numerous than corporations.