Refer to the table above. If the world price for a pair of trousers is $12, then which of the following statements is true?
A) All the four countries will export trousers.
B) All the four countries will import trousers.
C) Country A and Country B will import trousers, whereas Country C and Country D will export trousers.
D) Country C and Country D will import trousers, whereas Country A and Country B will export trousers.
D
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A monopolistic competitive firm:
a. will always earn monopoly profits. b. will never earn monopoly profits. c. may earn monopoly profits in the short run. d. may earn monopoly profits in the long run.
How can a person be an indirect stockholder?
a. by owning stock in a fictitious name b. by owning stock in one company and bonds in another company c. by the government owning stock in a corporation d. by a spouse owning stock in a corporation e. by being a part of a pension fund that invests in stock in corporations