Automobiles and many other products are differentiated. As a result
A) consumers of automobiles have difficulty deciding what type of imported automobile to buy.
B) we see countries specializing completely in the production of automobiles.
C) different countries may each have a comparative advantage in producing different types of automobiles.
D) the quality of imported automobiles is less than it could be.
C
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Regulations designed to provide information to the marketplace so that investors can make informed decisions are called
A) disclosure requirements. B) efficient market requirements. C) asset restrictions. D) capital requirements.
When the supply of workers is plentiful, one would predict that market wages would be
a. determined solely by factors that affect supply. b. determined solely by factors that affect demand. c. low, other things equal. d. high, other things equal.