The sum of the balances in the current and capital accounts in the balance of payments must equal zero
Indicate whether the statement is true or false
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Which of the following most accurately describes the type of mergers that the antitrust laws are intended to prohibit?
a. mergers that tend to reduce competition b. horizontal mergers c. both vertical and horizontal mergers d. conglomerate mergers e. vertical mergers
Which theory explains the fact that some firms may choose to pay their employees more then they would earn as determined by equilibrium in the labor market?
a. the theory of efficiency wages b. the marginal-productivity theory c. human-capital theory d. signaling theory
The World Trade Organization (WTO) was created in 1995 during the Uruguay Round of trade discussions
Indicate whether the statement is true or false
GDP would be a better measure of economic well-being if it included:
A. the value of leisure. B. the market value of final goods. C. the total value of intermediate goods. D. the costs of education.