Slope is measured as run/rise.
Answer the following statement true (T) or false (F)
False
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If the price of peaches, a substitute for plums, decreases the demand for plums will increase
Indicate whether the statement is true or false
International trade financing is dominated by:
a. the U.S. Agency for International Development. b. private export-import agencies. c. the World Bank. d. the IMF. e. commercial bank syndicates.
When a patent is awarded, no one but the patent owner may produce the invention without his permission
a. True b. False Indicate whether the statement is true or false
Hostile takeovers of corporations have been in the business news for some time now. Several states have passed laws making it harder for out-of-state corporations to acquire firms headquartered in their states. Several corporations have established
"golden parachutes" to give executives high payoffs in case of hostile takeover. What market imperfection is likely to be worsened by these actions? Explain.