Refer to the figure above. If A forms a customs union with B, the value of trade diversion will be
A) $0.
B) $10,000.
C) $20,000.
D) $40,000.
A
Economics
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Given the information in the table above, Foreign's opportunity cost of cloth is
A) 0.5. B) 2.0. C) 6.0. D) 1.5. E) 3.0.
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The disadvantages of proprietorships include
A) limited liability for the owner. B) double taxation of business profits. C) the fact that the proprietorship can continue even after the owner dies. D) the fact that the proprietor is solely responsible for all the firm's debts.
Economics