For most countries, international goals are generally:
A. much more important than domestic goals.
B. less important than domestic goals.
C. slightly more important than domestic goals.
D. equally important as domestic goals.
Answer: B
Economics
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Suppose in a purely competitive market that American firms consider labor costs to be mostly variable while Japanese firms consider labor costs to be mostly fixed
What implication would this have for the viability of firms in each country if they compete with one another in the short run? What about the long run?
Economics
Total satisfaction is maximized when
A) marginal utility is positive. B) marginal utility is negative. C) marginal utility is zero. D) marginal utility is equal to average utility.
Economics