The three basic legal forms of business enterprise in the United States are
A. vertical, horizontal, and conglomerate corporations.
B. monopolies, enterprises, and competitors.
C. national, global, and multinational corporations.
D. proprietorships, partnerships, and corporations.
Answer: D
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In his test of the HO model for the United States, Leontief found that :
a. the United States was importing labor intensive commodities. b. the U.S. capital/labor ratio for imported goods was larger than that for the exported goods. c. the U.S. capital/labor ratio for imported goods was smaller than that for d. the exported goods there was a trade imbalance in the United States.
The practice of firms temporarily reducing prices in order to eliminate competition is called:
A. competitive pricing. B. predatory pricing. C. discount pricing. D. strategic pricing.