The sales of firms can
A) flow with the business cycle.
B) oppose the business cycle.
C) be largely independent of the business cycle.
D) all of these choices.
D
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Modern economics as a field of study is usually thought to have begun with which of the following
What will be an ideal response?
Which of the following is NOT an example of an activity with external benefits?
A. Having your car's faulty exhaust system repaired B. Eating a sandwich in the dining hall C. Installing smoke alarms in your house D. Planting flowers in your front yard
Which of the following is true of foreign direct investment (FDI) in China?
A. FDI inflows in China declined substantially during 2005-2007. B. Much of China's FDI has come from the developing countries located close to it. C. Three-fifths of the FDI into China is in the service sector. D. Foreign-affiliated firms account for more than 50 percent of production value added in China.
Dumping typically occurs as long as the foreign producer sells its output at a price
A. below its average total costs but above its average variable costs. B. above its average fixed costs but below its total variable costs. C. above its total costs. D. below its average variable costs.