If we desire to classify land by its use, land that does not include any improvements to the land would be categorized as:
A. "Raw" land
B. Building site
C. Developed land
D. Property infrastructure
Answer: A. "Raw" land
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Trade between countries that is without restrictions is called
A) unencumbered trade. B) unabated trade. C) free trade. D) unobstructed commerce.
Firms pay famous individuals to endorse their products because
A) famous people only consume high-quality products. B) apparently demand is affected not just by the number of people who use a product but also by the type of person that uses the product. C) famous people obviously know what are the best goods and services. D) the firms are irrational and are wasting advertising expenditures.
Systemic risks are most likely to exist with regard to
a. small governments. b. large governments. c. small financial institutions. d. large financial institutions.
Ceteris paribus, which of the following is most likely to cause a decrease in the supply of skateboards?
A. An increase in the price of skateboards. B. An improvement in skateboard-making technology. C. An increase in the cost of materials used to produce skateboards. D. All of the choices are correct.