The initial companies in the United States in the 1800s failed after following the design of the railroad system because ________.
A. global competition made labor cheaper abroad
B. managers could not handle the complexities
C. managers became greedy and workers began to shirk
D. monitoring costs increased rapidly
Answer: B
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The Baker Plan emphasized renewed commercial bank loans as a way to restart capital flows to Latin America
Indicate whether the statement is true or false
If a competitive firm can sell its product at $1,600 per unit and the marginal cost of the firm is MC = 1,100 + 2Q, then the firm will produce
A. 1,084 units. B. 160 units. C. 1,100 units. D. 250 units.
If increased capital usage reduces the firm's short-run demand for labor, then
a. labor is a regressive factor. b. labor and capital are complements in production. c. labor and capital are substitutes in production. d. labor is a Giffen factor.
Compared to an open economy without a tariff, the amount of imported sugar will drop from ________ tons to ________ tons after the tariff is imposed.
A. 40; 20 B. 60; 30 C. 80; 40 D. 20; 10