If an Albanian company hires a U.S.-based law firm, it is
A) insourcing, from a U.S.-perspective.
B) using domestic outsourcing.
C) changing into a multinational enterprise.
D) vertically integrating.
A
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Which of the following is evidence of a shortage of chocolate?
A) The price of chocolate is raised in order to increase sales. B) Firms lower the price of chocolate. C) The equilibrium price of chocolate falls due to a decrease in demand. D) The quantity of chocolate demanded is greater than the quantity supplied.
When we speak of the national debt, we refer to the federal government debt only
a. True b. False Indicate whether the statement is true or false
To be binding, a price floor must be set above the equilibrium price
a. True b. False Indicate whether the statement is true or false
In a perfectly competitive market
A. if a firm raises its price, it will lose some, but not all, of its customers. B. when a firm sells another unit of output, the addition to total revenue is equal to market price. C. a firm faces a perfectly elastic demand because there is unrestricted entry and exit. D. all of the above E. none of the above