Perhaps the largest problem with corrective taxes is that ______.
a. they can be collected from each firm only once
b. they affect everyone equally, whether they add to the problem or not
c. the externalities they apply to are hard to measure
d. there is no way to enforce and collect them
c. the externalities they apply to are hard to measure
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_________ means the expression by cultural and ethnic groups of their heritage
a. Multiculturalism b. Socialization c. The 5 S Concept d. Apartheid
One problem that investors in foreign countries face is the possibility of a decline in the value of that foreign country's currency. Which of the following would be an effective way to offset this problem?
A) Be ready to pull out at the first sign of trouble. B) Convert as many of your dollars into their dollars as possible. C) Hedge through currency swaps. D) Finance your investment outside of that country.
The cost savings from outsourcing often lead to ________ for consumers and ________ for the outsourcing company.
A. lower prices; less output B. lower prices; more output C. higher prices; less output D. higher prices; more output
If a technological advance expands output and requires a smaller investment in capital goods, this technological advance:
A. is capital-using. B. must involve nonfinancial investment. C. is capital-saving. D. must pertain to the infrastructure.