U.S. banks have most of their branches in
A) Latin America, the Far East, the Caribbean, and London.
B) Latin America, the Middle East, the Caribbean, and London.
C) Mexico, the Middle East, the Caribbean, and London.
D) South America, the Middle East, the Caribbean, and Canada.
A
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Joe has broken the mirror of my car. I have legal recourse to sue for damages because of
A) social costs. B) transactions costs. C) common property rights. D) private property rights.
If at 4,000 units, the price the firm can charge is higher than its AVC and lower than its ATC, then the firm will earn a profit
Indicate whether the statement is true or false
The World Trade Organization (WTO)
a. is the successor to GATT b. administers trade agreements and resolves trade disputes c. comprises more than 150 member nations d. all of the above e. (a) and (b) only
Which of the following is NOT true of an oligopoly?
A. The firms recognize their interdependence. B. Firms are price takers. C. A few firms account for a large portion of the total output. D. They advertise their product.