Government rules and regulations can affect
A) market prices.
B) the strategy of business.
C) the costs of factors of production.
D) all of these choices.
D
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The standard interpretation of the Ricardian model is that differences in factor endowments between countries account for differences in labor productivity
a. True b. False Indicate whether the statement is true or false
Trade
a. allows specialization, which increases costs. b. allows specialization, which reduces costs. c. reduces specialization, which increases costs. d. reduces specialization, which reduces costs.
Use the following table to answer the question below. Giovanni's Production Possibilities ScheduleJorge's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn0160032040120202408080401601204060801600800The terms of trade for 1 pound of green beans must lie between ________ and ________ pounds of corn.
A. 1/4, 6 B. 1, 6 C. 1/4, 1 D. 1, 4
Who was responsible for developing the 14 principles of management?
a. max weber b. henri fayol c. douglas mcgregor d. frank gilbreth