All of the following are arguments in favor of restricting trade EXCEPT
A. protecting emerging industries.
B. protecting domestic jobs.
C. dumping.
D. comparative advantage.
Answer: D
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The labor force includes
A) only the number of people employed. B) discouraged workers. C) only the number of people unemployed. D) both employed and unemployed workers.
What characteristic is shared by both sole proprietorships and partnerships?
a. They both tend to be large businesses. b. They both face unlimited liability. c. They both have just one owner. d. They both face limited liability. e. They both have just two owners.
Refer to Figure 7.5. Which diagram represents isoquants for inputs that are perfect substitutes?
A. A
B. B
C. C
D. D
Which of the following methods used by advertising often signals a quality product?
a. bargain sales b. unrealistic product claims c. endorsement by a movie star d. criticizing other brands