According to the mini-case on the Barbie Doll, Mattel is successful because
A) it has been selling Barbie dolls for a long time.
B) the Barbie doll is the top import into the U.S.
C) international trade allows them to produce a wide variety of doll types at many price points.
D) there are low fixed costs for product design.
C
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Which of the following is motivated by an equity concern?
A) The United States protects intellectual property rights, allowing inventors to prevent others from using their inventions without payment. B) Some U.S. colleges have cut back on merit scholarships since these programs siphon money from need-based programs, thus harming lower-income students with greater financial need. C) Following the removal of subsidies in urban water use, household demand for water decreased quite significantly in Bogor, Indonesia. D) In November 2003, the Federal Communications Commission implemented the "local number portability" rule which gives cell phone customers the option of keeping their number when they switch carriers within the same geographic region.
Which of the following is not a composite currency?
A) The SDR B) The ECU C) The U.S. dollar D) All of the above
Portfolio investment can generally travel across borders _________ foreign direct investment can.
A. not as quickly as B. just as quickly as C. more quickly than D. None of these statements is true.
The idea of compensating differences is used:
A. by inclusive unions as an argument in bargaining for wage rate increases. B. to justify the application of minimum wages to low-wage labor markets. C. to explain the divergence between wage rates and marginal resource cost. D. to explain wage rate differences based on differing nonmonetary aspects of jobs.