In the late 18th century, England:
a. passed laws prohibiting the export of new industrial machinery.
b. tried to discourage labor pirating.
c. was the second largest producer of manufactured goods in the world.
d. successfully prevented technology transfer to the U.S.
e. Both a and b are correct.
e. Both a and b are correct.
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Use the following graph to answer the next question.
All else held constant, a leftward shift of the supply curve would ________.
A. increase the equilibrium quantity of euros B. cause a shortage of euros C. appreciate the dollar D. appreciate the euro
An example of an industrial policy would be all except:
A. subsidies. B. trade barriers. C. tax breaks. D. interest rate restrictions.
Suppose a parent company producing sportswear decides take back some formerly franchised outlets and operate them with its own employees. This form of vertical integration will allow the parent company:
a. to practice price discrimination. b. to charge a uniform price for its products across the globe. c. to lower its costs of operation and increase sales. d. to test operating techniques that might make the franchisees bettor competitors.
A lawyer's ability to understand a client's legal situation and his professional norms may improve the outcome of a negotiation with another attorney, relative to the outcome if the client bargained for herself
Indicate whether the statement is true or false