When the industries in a country tend to produce products that have the lowest opportunity cost relative to other countries, the country most likely has a _____.
A. comparative advantage
B. balance of payments surplus
C. positive balance
D. trade surplus
Answer: A
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Companies that are centralized typically allow managers at the local subsidiary to make ad agency selection decisions
Indicate whether the statement is true or false
The group of users of accounting information charged with achieving the goals of the business is its
a. auditors. b. creditors. c. management. d. investors.
While computing purchasing power, a cost of living index takes into account housing, food and groceries, transportation, utilities, health care, and miscellaneous expenses
Indicate whether the statement is true or false a. True b. False
Main Street Lenders, Inc., attempts to coerce Nolan¾who specializes in determining the value of real and personal property¾into misstating the value of a property on which a loan is to be issued. This is
A. a legal and ethical¾but morally arguable¾financial ploy. B. a legal¾but unethical¾business practice. C. a necessary tactic to generate a profitable loan in today's market. D. a violation of the law.