Government rules and regulations can, at times,
A) higher transactions costs.
B) lower transactions costs.
C) better management.
D) all of these choices.
D
You might also like to view...
The ability to produce a good using fewer resources than someone else is called
A) absolute advantage. B) comparative advantage. C) specialization. D) protectionism.
A well-known women’s college whose tuition lagged below similar schools found recruiting difficult and enrollment falling. A substantial tuition increase was implemented, and dormitories were soon full again. This can be explained by
A. the law of demand. B. the fact that education at the school was an inferior good. C. the fact that people sometimes base perceptions of quality on price (snob effect). D. elastic demand.
Refer to Figure 18-1. Europe suffers a recession. Assuming all else remains constant, this would be represented as a movement from
A) A to D. B) A to B. C) D to A. D) B to C. E) C to D.
The record of all transactions with foreign nations that involve the exchange of merchandise goods and services or unilateral gifts is called the
a. capital account. b. current account. c. balance of trade. d. balance of payments.