International specialization allows a country to use its resources to
a. create jobs for government workers by expanding international foreign aid programs
b. produce special goods such as computer software that require specific knowledge
c. expand the development of its natural resources such as lumber, oil deposits, and coal
d. produce specific goods, allowing other countries to focus on the production of other goods
e. develop political ties through international cooperation and mutual sharing of goods
D
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The government's purchases of goods but not its purchases of services are included in GDP
a. True b. False Indicate whether the statement is true or false
Lenders are typically compensated for the risk of default with
A. Shares of the company's profits. B. Above-average interest rates. C. Dividend payments. D. Bonds.
Historically, which of the following has had the highest average annual rate of return?
A) U.S. Treasury bonds B) corporate bonds C) money market mutual funds D) corporate stocks
Negotiations between the management of a company and the management of a union for the purpose of setting a mutually agreeable contract on wages, fringe benefits and working conditions for all employees in a union is know as
A) a closed shop. B) a union shop. C) collective bargaining. D) an industrial union.