Assume that the United States is relatively scarce in labor and relatively abundant in capital. According to the Heckscher-Ohlin theory, which of the following will occur in the United States in the presence of trade?
a. The price of capital will rise and the price of labor will fall.
b. The price of capital will fall and the price of labor will rise.
c. The price of both capital and labor will fall.
d. The price of both capital and labor will rise.
a. The price of capital will rise and the price of labor will fall.
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McGrath suggests preventing deleterious changes as part of ______.
A. monitoring/internal B. executive action/internal C. monitoring/external D. executive action/external
When faced with a network design decision, the goal of a manager is to design a network that
A) maximizes the firm's profits. B) minimizes the firm's costs. C) satisfies customer needs in terms of demand and responsiveness. D) maximizes the firm's profits while satisfying customer needs in terms of demand and responsiveness.
An empty airline seat cannot be held as inventory and sold at a later time. This is an illustration of which of the following statements?
a. Services cannot be inventoried. b. Services have low demand volatility. c. Services require skilled labor. d. Capacity required for services is hard to predict.
Which of the following is true regarding India's discrimination protection?
a. Indian anti-discrimination law has developed quickly since the implementation of the Indian Constitution. b. Because of strongly held citizen beliefs, the Indian government has not taken action in regard to the employment of lower caste members. c. The Indian Supreme Court recognized sexual harassment in the workplace as a personal injury to the affected woman and a violation of her fundamental human rights. d. While India has not indicated a significant interest in protecting the rights of women, the India Supreme Court issued a specific directive prohibiting age discrimination.