Which of the following is the best example of a disruptive market change related to international trade?
a. a domestic manufacturer opens a new state-of-the-art facility in the home country
b. an international manufacturer opens a new state-of-the-art facility in the home country
c. an international manufacturer develops a completely robotic manufacturing process
d. a domestic manufacturer replaces one international supplier with another international supplier
c. an international manufacturer develops a completely robotic manufacturing process
You might also like to view...
Corporations must always pay dividends to their shareholders.
Answer the following statement true (T) or false (F)
Which statement is true?
A. There are over 50 million Americans living below the poverty line. B. The poverty line is raised each year. C. Nearly all the nation's poor people live in the South. D. Poverty is a greater problem today than at any time since the end of World War II.
Monopolistic competition is similar to perfect competition for all of the following reasons except
A. both have many firms in each industry. B. both have identical demand and marginal revenue curves. C. both make zero economic profits in the long run. D. both maximize profits at the output level where marginal revenue equals marginal costs.
In the case of a permanent negative supply shock
A. both the long-run and short-run aggregate supply curves shift leftward. B. there are no shifts in either the long-run or short-run aggregate supply curve. C. only the long-run aggregate supply curve shifts leftward. D. only the short-run aggregate supply curve shifts leftward.