Most of the LDCs are:
A. located primarily in Northern Europe.
B. located primarily in Western Europe.
C. located primarily in Africa.
D. more or less evenly distributed over the various continents.
C. located primarily in Africa.
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The consumption schedule shows the relationship of household consumption to the level of
A. the marginal propensity to consume. B. investment. C. disposable income. D. saving.
The goal of the plaintiff is to ________ their ________.
A) maximize; loss B) minimize; loss C) minimize; gain D) maximize; gain
A firm's level of investment depends on the market interest rate: a. only when the firm has to borrow funds to invest in new equipment. b. only when the firm has to borrow funds to buy stocks and bonds. c. only when the firm already has sufficient funds and could lend them
d. because the interest rate represents the opportunity cost of investing in capital. e. because investments are always made with borrowed funds.
In international trade, dumping refers to
a. producing a lower quality good for export than what is produced for domestic consumption b. selling an export at a higher price than its price to domestic consumers c. selling an export at a price below its cost of production d. producing a lower quality good for domestic consumption than for export e. paying workers below subsistence wages