The term protectionism, when applied to international trade, refers to governmental restrictions and incentives to affect trade flows.
a. true
b. false
a. true
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The usual response of the banking system to new government regulations is
A) evasion through whatever means are necessary. B) strict compliance. C) an attempt to circumvent the regulations through financial innovation. D) bankruptcy.
Which of the following is likely to be excluded from the gross domestic product (GDP) of a country?
a. The value of the drugs being sold in a vacant lot b. The value of the drugs being sold in a pharmacy c. A doctor treating a patient in a hospital d. The value of a new house bought by an individual e. The value of new furnitures bought by an individual
More than 80% of American firms are incorporated
a. True b. False Indicate whether the statement is true or false
Of the following situations, explain which are best described as games and which are best described as just decisions:
a. Starbucks is deciding whether to offer a new, 40 oz. option called the Uberventi. b. Sasha is deciding whether to order a grande latte or venti latte from Starbucks. c. The people of Catalonia are deciding whether to vote for independence from Spain. d. MGM Resorts International is preparing to bid to obtain the last available casino license in Macao. e. The Hollywood Hills Homeowner Association is debating the landscape design for the renovation of the main entrance to their neighborhood.