Which of the following is true of a perfectly competitive firm?
a. It can exert slight control over the market price of its output.
b. It can exert significant control over the market price of its output.
c. It can exert no control over the market price of its output.
d. It can work with competitors to exert control over the market price of its output.
C
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Throughout most of the post-World War II period, the use of capital controls by governments around the world was declining. But in the late 1990s, a number of governments expressed renewed interest in capital controls
What accounts for this renewed interest?
Which of the following is the best example of a disruptive market change related to international trade?
a. a domestic manufacturer opens a new state-of-the-art facility in the home country b. an international manufacturer opens a new state-of-the-art facility in the home country c. an international manufacturer develops a completely robotic manufacturing process d. a domestic manufacturer replaces one international supplier with another international supplier