Closed economies generally do ________ open economies, in the long run.
A. about the same as
B. better in some ways and worse in other ways than
C. worse than
D. slightly better than
Answer: C
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Mixed bundling:
A. is the practice of selling several products together as a package. B. is the practice of selling the same good to different types of consumers at different prices. C. is the practice of selling several products together as a package while also offering those products for sale individually. D. is the practice of selling goods in bulk at a reduced per unit price.
___________ is credited with introducing the water frame in American spinning mills
a. Samuel Slater b.Oliver Evans c. Robert Fulton d. Eli Whitney
A firm could not be engaged in successful predatory pricing if: a. It charged prices greater than the average variable cost of production. b. It drove rivals out of the market
c. It raised its prices after its price cutting campaign. d. None of the above is true.
Purchasing power parity exchange rates can be useful for making comparisons between countries, such as international comparisons of GDP and other economic statistics
a. True b. False Indicate whether the statement is true or false