Globalization is defined as the process of countries becoming ________ open to foreign trade and ________ open to foreign investment
A) more; more B) more; less C) less; less D) less; more
A
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An effective price ceiling occurs when
A) the government sets a maximum price for a good above the equilibrium price. B) the government sets a minimum price for a good above the equilibrium price. C) the government sets a minimum price for a good below the equilibrium price. D) the government sets a maximum price for a good below the equilibrium price.
The aim of antitrust policy is to:
a. provide adequate incentives for inventors and entrepreneurs. b. prevent firms from acquiring or exercising undue market power. c. protect established firms by deterring new entry into industries. d. regulate the prices charged by perfectly competitive firms.
The length of time until a bond matures is called the
a. perpetuity. b. term. c. maturity. d. intermediation.
Although crude oil prices briefly fell below $55 per barrel in late 2006, they quickly rebounded and, throughout much of 2007, remained well above
A. $100 per barrel. B. $125 per barrel. C. $60 per barrel. D. $80 per barrel.