A market in which many firms sell identical products is
A) a monopoly.
B) an oligopoly.
C) only perfectly competition.
D) only monopolistic competition.
E) both perfect competition and monopolistic competition.
C
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What is the role of nongovernmental organizations in promoting labor standards?
a. They have no enforcement power, but they can investigate and bring attention to and put pressure on firms, governments, and other groups to effect change. b. Because they are nongovernmental, they have no power. c. They can change laws for labor in many situations. d. Because they are part of the United Nations, they often report their findings and cause major policy changes.
Net exports of goods and services equal the
A) exports of goods and services divided by the imports of goods and services. B) exports of goods and services plus the imports of goods and services. C) exports of goods and services minus the imports of goods and services. D) imports of goods and services minus the exports of goods and services.