Globalization is the exchange of ________________ among countries.

A. goods, services, ideas, and people
B. money and other financial assets
C. communications
D. workers and jobs


Answer: A

Economics

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A perfectly competitive firm is a price taker because

A) many other firms produce the same product. B) only one firm produces the product. C) many firms produce a slightly differentiated product. D) a few firms compete. E) it faces a vertical demand curve.

Economics

Use the information in the table above to calculate the value of net exports

A) $10 million B) $0 C) -$10 million D) $30 million

Economics

If exports are less than imports (while other planned injections equal other planned leakages), the economy

a. expands. b. contracts. c. has rising prices. d. remains stable.

Economics

Julio makes wine and beer. Last year he made 20 bottles of wine and 20 cases of beer. If the price of grapes goes down (making wine cheaper to make), Julio will be able to make the same amount of wine and more beer

a. True b. False Indicate whether the statement is true or false

Economics