Outsourcing allows a company to take advantage of the ________ of other countries, and in doing so it can produce its products at a lower cost

A) trade imbalances B) comparative advantages
C) market failures D) diminishing returns

B

Economics

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When the federal government owns parks that are funded by tax dollars,

a. park managers receive full information about visitor desires and make decisions accordingly. b. the same incentive structure exists for public park managers as private park managers. c. park managers devote much time and effort to satisfying political desires instead of visitor desires. d. park managers will be less likely to mismanage the park.

Economics

In the short-run Keynesian model, to close a recessionary gap of $1 billion dollars government purchases must be:

A. increased by more than $1 billion. B. increased by $1 billion. C. increased by less than $1 billion. D. decreased by $1 billion.

Economics