The rise in unemployment in a country resulted in many unemployed people turning to criminal activity such as drug dealing, violent theft, and robbery as an alternative means to make money. It also led to growing political unrest. Therefore, unemployment in this country resulted in _____
a. a loss of lifetime earnings
b. a loss of human capital
c. the deterioration of health
d. a loss of social cohesion
d
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According to the text, grass mowing, T-shirt production, and potato farming are examples of firms
a. that regularly advertise to increase market share b. whose markets are highly seasonal c. with high production differentiation d. with high brand loyalty e. with no barriers to entry
When a business is owned and operated by a single individual who receives all of the profits and is responsible for all debts, it is known as a
A. proprietorship. B. partnership. C. conglomerate. D. corporation.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30
Define the four basic types of trade barriers.
What will be an ideal response?