Make or buy decisions affect the degree of vertical integration
Indicate whether the statement is true or false
True
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Whenever a buyer and a seller agree to trade, both must believe they will be made better off
A) whether the buyer and seller live in the same city or different countries. B) only if the buyer and seller live in countries with market economies. C) unless one party is richer than the other. D) unless the buyer resides in a different country than the seller. International trade may make the buyer or seller worse off.
In sophisticated analysis of rent differences
a. quality of land is assumed away. b. quality of land is recognized and considered. c. rates of return are assumed away. d. returns on land and capital are assumed to be similar.
When the number of families with someone employed by the government is added to those receiving income from transfer programs, the share of American families receiving income from the government is
a. less than 20 percent b. approximately 50 percent of the total c. approximately 62 percent of the total d. a little more than 75 percent of the total
The major difference between the Keynesian approach and the monetarist approach is that
A. Keynesian analysis explains an equilibrium condition and monetarism does not. B. in Keynesian analysis, money affects the economy by first affecting interest rates; monetarist analysis is not limited to working through interest rates. C. monetarism explains an equilibrium condition and Keynesian analysis does not. D. there are no differences.