An international corporation is one which
a. is owned by individuals in more than one country
b. has production facilities in more than one country
c. markets its product in more than one country
d. is owned by individuals in one country but has its production facility in anothercountry
e. is owned in part by private individuals and by governments
C
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Fill in the blank: Your authors claim ________ has been the rule rather than the exception through almost all of human history
A) price stability B) poverty C) disinflation D) wealth
Which of the following is considered to be a fixed cost of operating an automobile?
a. Gasoline. b. Tires. c. Oil change. d. Maintenance. e. Registration fees.
A perfectly competitive firm seeking to maximize its profits would want to maximize the difference between: a. its marginal revenue and its marginal cost
b. its total revenue and its total cost. c. its accounting revenue and its accounting cost. d. its price and its marginal cost.
Assuming prices and wages are fully flexible, the aggregate supply curve will be:
A. upward sloping, but not vertical. B. vertical. C. horizontal. D. downward sloping.