State three major potential advantages of foreign direct investment for a developing country. State three major potential disadvantages
What will be an ideal response?
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Two social institutions that are essential for trade to be organized are ________
A) property rights and laws B) markets and banks C) businesses and banks D) markets and property rights
Suppose the market for grass seed is expressed as:
Demand: QD = 100 - 2p Supply: QS = 3p Price elasticity of supply is constant at 1. If the supply curve is changed to Q = 8p, price elasticity of supply is still constant at one. Yet with the new supply curve, consumers pay a larger share of a specific tax. Why?
Games:
A. will always have a dominant strategy. B. are always zero sum. C. will always have several stable outcomes. D. None of the above are true.
With the elimination of the Civil Aeronautics Board (CAB), safety and quality are no longer directly regulated by government, instead, the incentive for airline safety and quality is driven by market reputation
Indicate whether the statement is true or false