The trade theories associated with Smith and Ricardo advocate for _____ free trade

Fill in the blank(s) with the appropriate word(s).


unrestricted

Economics

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"Pricing-to-market" is a business practice that was common in the twentieth century, but has now all but disappeared

Indicate whether the statement is true or false

Economics

Which of the following is true about a Sweezy oligopoly?

A. The marginal revenue function has an upward "jump" or "discontinuity." B. The marginal cost function has an upward "jump" or "discontinuity." C. The marginal revenue function has a downward "jump" or "discontinuity." D. The marginal cost function has a downward "jump" or "discontinuity."

Economics

An essential characteristic of a monopoly is:

A. only one buyer must exist. B. there can only be a few sellers in the market. C. the good must have no close substitutes. D. many buyers must exist.

Economics

An income tax is a tax:

A. on income earned by buying investments and selling them at a higher price. B. charged on the earnings of individuals and corporations. C. charged on the value of a good or service being purchased. D. on the wages paid to an employee.

Economics