One reason why the plants of multinational corporations abroad may have better standards than domestic contractors in low-income countries is because multinational corporations tend to reduce costs by using one standard in terms of capital equipment

and technology for all markets. Indicate whether the statement is true or false

TRUE

Economics

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Positive statements are: a. prescriptive, making claims about how the world ought to be. b. descriptive, making claims about how the world is

c. optimistic, putting the best possible interpretation on things. d. affirmative, justifying existing economic policy.

Economics

Economists believe that people who force themselves to always eat everything on their plate at a restaurant, regardless of how full they might feel, likely do so because:

A. they include the sunk cost of their meals in making their decision. B. they gain negative utility from insulting the chef. C. they overvalue the opportunity costs of their health and time involved with eating food they don't really want. D. they undervalue the true benefit of eating too much.

Economics