The term "import" refers to:
a. a purchase of goods or services from another country.
b. a business transaction between two or more domestic firms.
c. a sale of goods or services to another nation.
d. a tax on foreign merchandise.
e. a trade agreement between two industrial countries.
a
Economics
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Because there are numerous choices for fast food purchases, the price elasticity of demand for Taco Bell food is likely
A) inelastic. B) unitary elastic. C) perfectly inelastic. D) elastic.
Economics
A firm's accounting profit does not include its:
a. explicit costs. b. sunk costs. c. fixed costs. d. opportunity costs. e. variable costs.
Economics