Closed shops are shops that are closed to union members
Indicate whether the statement is true or false
F
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A recent study found that it was cheaper to buy a chicken dinner from Kentucky Fried Chicken than it was to prepare it at home. The researcher included all costs including the imputed value of time involved to prepare the meal at home. This study illustrates the
A. value of marginal analysis. B. law of increasing costs. C. difference between real costs and money costs. D. cost disease of the service sector.
A legal claim entitling the owner of the claim to fixed annual payments and a lump-sum payment is called a(n)
A) equity share. B) bond. C) stock. D) debit.
Which of the following shows how technological superiority can give a country a comparative advantage?
a. Brazil is the largest producer of coffee in the world, a position it has held for more than a century and a half. b. During the 1970s, Japan’s production superiority led to it becoming the world leader in automobile exports. c. With an estimated 10 million workers in the garment industry, China is the world’s largest exporter of clothing. d. The vast Canadian forests were the source of its world-leading wood-product exports, including timber, pulp, and paper.
The liquidity of money refers to
A. the standard of deferred payments and how quickly those payments can be made. B. how quickly it can be disposed of without high transaction costs. C. the amount of gold it is backed by. D. asymmetric information.