Because of China's growth, natural resources
A) are in greater demand, but that demand is mostly going to the previously industrialized nations so it is having little effect on economic development in developing countries.
B) are in greater demand and the natural resources are increasingly coming from developing countries.
C) prices are falling since China has tremendous negotiating power.
D) are not in high demand since labor and capital are the emphasized inputs in Chinese manufacturing.
B
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Which one of the following industries could be classified as an oligopoly?
A) Tobacco production B) Retailing C Farming D) Fast food restaurants
Suppose a coupon bond with a par value of $1000 is currently priced at $950 and has a coupon of $40. Which of the following is true?
A) current yield > coupon rate B) current yield < coupon rate C) coupon rate has risen D) coupon rate has declined
The general rule to increase profits when two close complementary brands are jointly owned is
a. Increase prices for both brands b. Decrease prices for both brands c. Increase prices on one brand, decreasing it for the other d. Increase prices on one brand, keeping the prices of the second brand constant
In early 1996, Congress passed the "Freedom to Farm Bill.". Following the bill's enactment,
a. farmers found that competition from international agriculture declined. b. farm prices rose steadily for the next 4 years. c. agriculture was completely deregulated, and farmers began to operate without any government subsidies or assistance. d. farm prices fell, leading Congress to authorize emergency payments to farmers in 1998 and 1999.