Countries that enjoy long distance flows of goods, capital, and services as well as information and perceptions that accompany market exchanges would be categorized under _____ globalization
a. ethical
b. cultural
c. social
d. economic
e. political
d
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In the above figure, the demand for loanable funds curve is drawn for the average expected profit. If the real interest rate is constant at 6 percent and the expected profit falls, the amount of loanable funds demanded will be
A) less than $450 billion. B) $450 billion. C) between $450 billion and $600 billion. D) greater than $600 billion.
Profit maximization by firms ensures that the equilibrium wage always equals the value of the marginal product of capital
a. True b. False Indicate whether the statement is true or false
The federal regulatory agency whose mission is to regulate workplace health and safety is the
A) AFL-CIO. B) FTC. C) OSHA. D) SEC.
For which of the following purchases would the absolute price elasticity of demand be greatest?
A. a luxury sedan B. chewing gum C. a smartphone D. utilities