Ricardo's theory of comparative advantage was of limited real-world validity because it was founded on the
a. labor theory of value.
b. capital theory of value.
c. land theory of value.
d. entrepreneur theory of value.
a. labor theory of value.
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Tony contracted to buy wheat from Brown, a farmer. It was contracted that Tony would pay Brown three days after the delivery of the wheat. Brown's delivery would be a(n) ________ of Tony's duty to pay.
A. constructive condition precedent B. implied concurrent condition C. constructive concurrent condition D. condition subsequent
To satisfy customers, a(n) ________ marketer finds a stated need and fills it
A) creative B) responsive C) anticipative D) laidback E) inexperienced
The consolidation method is used to account for long-term investments in equity securities with controlling influence.
Answer the following statement true (T) or false (F)
Lost sales and goodwill are potentially significant costs that may arise from ________.
A. too little inventory B. too much inventory C. Both too little inventory and too much inventory D. poor customer service with inventory