__________ cannot be touched; examples include integrity, confidence, and literacy
a. Tangible resources
b. Intangible resources
c. Societal resources
d. Familial resources
B
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Japan can use all of its resources to produce 100 videos or 400 shoes. China can use all of its resources to produce 25 videos or 200 shoes
Which nation has the comparative advantage in shoes and which nation has the comparative advantage in videos?
The tax on a bottle of wine is a type of ______ tax.
a. gift b. income c. property d. excise
Which of the following is used as an antitrust tool that focuses on the structure of industry?
A. Prohibiting mergers and acquisitions. B. Price regulation. C. Profit regulation. D. Forbidding business practices such as advertising.
Cyrus McCormick and Eli Whitney were important in the technology of
A. steel. B. automobiles. C. agriculture. D. oil.