Increased international trade increases the demand for a country's exports, ________ the demand for workers in export industries, and ________ their wages.
A. decreases; decreases
B. decreases; increases
C. increases; decreases
D. increases; increases
Answer: D
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_____ is a property which distinguishes corporations from proprietorships and partnerships
a. Unlimited liability b. Division of labor c. Separation of ownership and management d. Centralized management and control
The marginal approach to profit
a. says that a firm should take any action that adds more to cost than it adds to revenue b. says that a firm should take any action that adds more to revenue than it adds to cost c. says that a firm should strive to set profit equal to zero. d. says that a firms profit is maximized when average revenue equals average cost e. says that profit should be marginalized
What are the costs and benefits of foreign trade?
What will be an ideal response?
________ occurs when the economy is producing what people want at least possible cost.
A. Maximum profit B. Equity C. Stability D. Efficiency