Which of the following is NOT identified by your text as a challenge to doing business in China?
A) Issues related to the business climate, such as taxes
B) The availability of credit
C) Licensing requirements
D) Failure to protect intellectual property
E) Poor infrastructure and port facilities to support export of products
E
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The income effect indicates that:
A) a rise in money income will cause consumers to buy smaller quantities of normal goods. B) when the price of a product falls, the lower price will induce the consumer to buy more of that product now that it is relatively cheaper. C) consumers should substitute among various products until the marginal utility from the last unit of each product purchased is the same. D) when the price of a product falls, a consumer will be able to buy more of it with a specific money income.
By the percentage of each type of business organization in the United States, rank sole proprietorships, partnerships, and corporations in terms of the number of firms, revenue, and profits
What will be an ideal response?