Which of the following is NOT a challenge to doing business in China?
A) Issues related to the business climate, such as taxes
B) The availability of credit
C) Failure to protect intellectual property
D) Poor infrastructure and port facilities to support export of products
D
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The interest rate effect suggests that the negative slope of the aggregate demand curve results at least in part because changes in the price level affect: a. domestic purchases of foreign goods
b. the holdings of money by households and firms. c. the real purchasing power of assets. d. the level of income.
Which of the following statements is false?
A) Regardless of the commodity, the farmer always receives 20 cents of the dollar spent in food. B) The Latin phrase ceteris paribus means everything else the same or holding all other factors constant. C) The rational consumer maximizes satisfaction subject to a budget constraint. D) Agricultural economics is an applied social science.