The theory of ______ advantage was the first to attack the tenet of mercantilism which implied that trade is a zero-sum game
Fill in the blank(s) with the appropriate word(s).
absolute
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Pessimists among the classical economists were least able to foresee the continual advancement in
a. managerial techniques b. technology c. birth control methods d. geographic discovery e. all of the above
The advent of money market mutual funds is __________ the trend of "institutionalization," in which a __________ percentage of financial assets are directly owned by individuals
A) part of; growing B) part of; shrinking C) not a part of; growing D) not a part of; shrinking
Refer to the table below. If Sweet Grams is a perfectly competitive firm and the market price $1.00 per unit, what is the profit-maximizing quantity for Sweet Grams to produce at Plant 1?
Sweet Grams makes graham cracker snack packages. Sweet Grams is a multi-plant firm with two production facilities. The above table summarizes the total marginal cost of production at various output levels in the separate plants. Assume Sweet Grams is a perfectly competitive firm.
A) 24,500
B) 27,000
C) 32,000
D) 22,500
Of the following, which is the largest source of government funds in the long run?
A) government borrowing B) government transfers C) user fees D) taxation