_________ tend to think about others and are less interested in self. They seek outside opinions
a. Introverts
b. Extroverts
c. Experts
d. None of the above is correct
B
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Services can be thought of as
A) unvalued goods. B) unwanted goods. C) free goods. D) intangible goods.
A majority of international transactions involve the buying and selling of _____
a. bank deposits denominated in foreign currency b. currency notes c. traveler's checks d. stocks denominated in domestic currency e. bills of exchange
The marginal cost of a vacation in Jamaica is $3,000 . The marginal benefit to Jordan of a vacation in Jamaica is $3,500. a. According to the rule of rational choice, Jordan should choose not to vacation in Jamaica at this time
b. According to the rule of rational choice, Jordan will experience a net gain of $500 if he vacations in Jamaica. c. According to the rule of rational choice, Jordan will experience a net gain of $3,500 if he vacations in Jamaica. d. According to the rule of rational choice, Jordan will experience a net gain of $3,000 if he vacations in Jamaica.
Explain the concept of “creative destruction” by innovation. Does it ensure positive economic profits in the long run?
What will be an ideal response?