Which of the following positions might be taken by the ruler of a nation practicing mercantilism?
a. support of the merchant marine sector
b. support for the elimination of trade barriers such as tariffs
c. support for the reduction of government holdings of specie
d. discouragement of exploration and colonization
e. All of the above.
a. support of the merchant marine sector
Economics
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Generally with bond ratings, the lower the rating, the ________ the interest rate an investor will receive and the ________ the the risk that the issuer of the bond will default
A) lower; lower B) higher; lower C) higher; higher D) lower; higher
Economics
To maximize its profit, a monopolistically competitive firm produces at the output level at which
a. its price elasticity of demand equals one. b. MR = MC. c. its D curve is tangent to its ATC curve. d. MR = AVC.
Economics