In 2015, infant mortality in the United States was ________ per 1,000 live births
A) 6.2 B) 45.4 C) 82.7 D) 228.9
A
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The L in OLI theory stands for loyalty, and this factor makes it more difficult for firms to substitute foreign operations for domestic as they fear a loss of sales due to negative publicity
Indicate whether the statement is true or false
A firm's _______ contains all combinations of inputs and outputs that the firm can achieve using efficient production methods.
A. production possibilities set B. efficient production frontier C. production function D. production possibilities curve
With free trade the United States imports about half of its steel consumption from China. Show this graphically, using a graph of the U.S. national market for steel (including both domestic steel supply and imported steel supply), and explain the impact on the United States of an export subsidy on steel provided by the Chinese government. (Assume the Chinese export subsidy lowers the price that Chinese steel exporters charge.) Would it be beneficial for the United States to impose an equal amount of countervailing duty on the import of steel? Why or why not?
What will be an ideal response?
Why are there so many more proprietorships than corporations, yet corporations account for so much more of the sales of business firms in the country?
What will be an ideal response?