Which of the following limit the direct creation of new jobs through foreign investment?
a. Availability of large number of unemployed workers
b. Nature of the industries in which investment is allowed
c. Low cost of setting up the capital-intensive industries
d. High percentage of youth in the country's population
e. Regulation on technology transfer
b
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Compared to a purely competitive firm in long-run equilibrium, the monopolistic competitor has a:
A. lower price and lower output. B. price and output that may be higher or lower. C. higher price and lower output. D. higher price and higher output.
Related to the Economics in Practice on p. 294: In the price-fixing case against the Taiwanese firm AU Optronics, the DOJ claimed that the price fixing resulted in ________ paying more for products with LCD screens.
A. government agencies B. businesses C. consumers D. All of the above are correct.