Kmart, Wal-Mart, and Toys 'r' Us import much their goods from ___________.
Fill in the blank(s) with the appropriate word(s).
China
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A firm with a flat demand curve
A) has no brand loyalty. B) has weak brand loyalty. C) has strong brand loyalty. D) isn't really worried about brand loyalty; flat demand curves guarantee zero profit.
Unexpected inflation can benefit some people/firms and harm others. This is an example of:
A. unmeasured risk. B. idiosyncratic risk. C. zero risk since the effects balance. D. systematic risk.
The three basic legal forms of business enterprise in the United States are
A) monopolies, enterprises, and competitors. B) vertical, horizontal, and conglomerate corporations. C) national, global, and multinational corporations. D) proprietorships, partnerships, and corporations.
If all individuals have identical utility functions and the marginal utility of income decreases as income increases, transferring income ________ will ________ total utility.
A. from the rich to the poor; increase B. from the poor to the rich; not change C. from the rich to the poor; not change D. from the rich to the poor; decrease