One possible cure for the trade deficit is protectionism
a. True
b. False
Indicate whether the statement is true or false
True
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If the dollar buys fewer bananas in Guatemala than in Honduras, then traders could make a profit by
a. buying bananas in Honduras and selling them in Guatemala, which would tend to raise the price of bananas in Honduras. b. buying bananas in Honduras and selling them in Guatemala, which would tend to raise the price of bananas in Guatemala. c. buying bananas in Guatemala and selling them in Honduras, which would tend to raise the price of bananas in Guatemala. d. buying bananas in Guatemala and selling them in Honduras, which would tend to raise the price of bananas in Honduras.
When a few rival groups spend money in competition for a license that grants them a monopoly for the provision of cable TV for an area, economists label this activity
A. perfect competition. B. oligopoly. C. monopolistic competition. D. rent seeking.
The dividends that stockholders receive are:
A. paid before all other obligations of the company are met. B. distributions from profits. C. always equal to the average amount of interest paid to a bond holder, adjusting for the value of the holdings. D. fixed by contract and paid annually.
Which of the following is a characteristic of economics?
A) allocation of limited resources in an effort to satisfy potentially unlimited wants B) the focus on how people behave not in their own self-interest C) the way society deals with people's needs D) all of the above