A restriction on imports is likely to reduce further restrictions on trade
Indicate whether the statement is true or false
FALSE
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When does a surplus occur?
What will be an ideal response?
A(n) ________ is a group of buyers and sellers who are trading goods and/or services
A) firm B) market C) enterprise D) government
Bart operates a lemonade stand in front of his house. His father works at the Springfield Nuclear Power Plant. Which of the following is most likely to be true?
a. The long run is the same for the power plant as it is for the lemonade stand. b. The long run is longer for the power plant than it is for the lemonade stand. c. The long run is shorter for the power plant than it is for the lemonade stand. d. We cannot compare the long runs because these are different businesses. e. It's impossible for the power plant short run to be shorter than the lemonade stand's long run.
Orders can lose accuracy:
a. if they are too complicated. b. as they are transmitted within the organization. c. in organizations where decision-making is decentralized. d. unless they are given to the right recipient.