People participate in international trade basically because:
A) they are better off by doing so.
B) they must.
C) it makes other countries better off.
D) they prefer to share their income with people in other countries.
Ans: A) they are better off by doing so.
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The individual demand curve for an input such as labor to a firm would be the downward sloping portion of the firm's
A) marginal physical product curve. B) marginal revenue product curve. C) marginal revenue curve. D) total revenue curve.
Studies show that
A) mergers create considerable shareholder value. B) mergers lead to economic profit. C) mergers generally do not create shareholder value. D) 'dogs' and 'cash cow' do not need to be merged.
The law of demand says that
a. the customer is always right b. quantity supplied equals quantity demanded c. price and quantity supplied are inversely related d. price and quantity demanded are inversely related e. income and quantity demanded are directly related
An increase in the interest rate could have been caused by
a. a fall in the price level causing the money-demand curve to shift leftward. b. a fall in the price level causing the money-demand curve to shift rightward. c. a rise in the price level causing the money-demand curve to shift leftward. d. a rise in the price level causing the money-demand curve to shift rightward.