Which of the following is a major reason for offshoring?
a. Advances in information and communication technologies.
b. The inability of companies to fragment production processes.
c. The gradual decline in worldwide competition.
d. All of the above are major reasons for offshoring.
.A
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Comparing the monopoly firm with a perfectly competitive firm reveals that:
a. the competitive firm sells less quantity. b. the monopoly firm charges a lower price. c. the competitive firm's price is above MC. d. None of these is revealed when the two firm are compared.
Consider the following economic agents:
a. the government b. consumers c. producers Who, in a modern mixed economy, decides what goods and services will be produced with the scarce resources available in that economy? A) producers B) consumers C) the government, consumers, and producers D) the government E) consumers and producers