Which of the following products would most likely be produced in a monopolistically competitive market?
A. gasoline
B. corn
C. local water supply
D. pizza
Answer: D
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If worker output is not measurable in physical units, and employees are hard to monitor, it would be best to organize the firm using
A) a command system. B) a monitoring system. C) an incentive system. D) None of the above answers is correct.
If found guilty of violating antitrust law in their respective countries, managers in ________ and ________ can be imprisoned.
A) China; United States B) Japan; European Union C) United States; European Union D) China; European Union
International trade based on the concept of comparative advantage allows trading partners to be better off than if they did not trade
a. True b. False
The United States is the only country in the world with minimum-wage laws
a. True b. False Indicate whether the statement is true or false