When the housing bubble burst, prices fell particularly severely in
A. Georgia.
B. Nevada.
C. Pennsylvania.
D. West Virginia.
Answer: B
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Refer to the scenario above. If Aqua Inc charges a price of $70 for each unit of Good A while Blu Corp . charges a price of $50, Blu Corp . will face a demand of ________ units
A) 1,000 B) 1,500 C) 2,000 D) 3,000
Historical biography: The entrepreneur who created the General Electric Company was
a. John D. Rockefeller b. Thomas Edison c. James Duke d. Andrew Carnegie e. Alexander Graham Bell
The business structure that allows for up to 100 shareholders and requires that the company be based in the United States is known as a
a. sole proprietorship b. general and limited partnership c. subchapter S corporation d. C corporation e. limited liability corporation or partnership
Which of the following statements is NOT an explanation of Leontief's paradox?
a. Leontief ignored the fact that the United States imports a variety of products rather than just one. b. He ignored the fact that U.S. labor is highly skilled. c. He ignored the importance of land as a factor in many U.S. exports. d. rade patterns in 1947 might have been affected by the fact that World War II had ended only two years earlier.