While it is possible to erect barriers to foreign competition and save domestic jobs, restricting international trade may impose large costs on an economy
a. True
b. False
Indicate whether the statement is true or false
True
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In the United States, the government agency requiring that firms that sell securities in public markets adhere to standard accounting principles and disclose information about their sales, assets, and earnings is the
A) Federal Communications Commission. B) Federal Trade Commission. C) Securities and Exchange Commission. D) Federal Reserve System.
If parties to a contract can anticipate the court's decision in the event of a dispute with some degree of certainty:
a. opportunistic behavior will never be detected. b. opportunistic behavior will be partially detected. c. there will be less room for opportunism. d. only one of the parties will be able to act opportunistically.
Store rents are high in expensive neighborhoods because ________________________.
Fill in the blank(s) with the appropriate word(s).
On a graph with time on the horizontal axis and real GDP per capita on the vertical axis, the income levels of poorer countries are
A. diverging more from the incomes of rich countries. B. maintaining a constant gap with the incomes of richer countries. C. crossing the line representing richer countries. D. coming closer to the line representing richer countries.