The late business historian Alfred Chandler blamed Britain's competitive difficulties in the early twentieth century on:
a. the structure of the firms.
b. the removal of trade barriers.
c. the lack of innovation.
d. inefficient transfer of information within firms.
A
Economics
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Refer to Table 11.1. If exports increase by 20 (X = 100), what is the new equilibrium level of output?
A) 1,825 B) 2,425 C) 7,300 D) 9,700
Economics
If one person has the absolute advantage in producing both of two goods, then that person
a. must also have a comparative advantage in both goods b. cannot benefit from trade c. cannot have a comparative advantage in either good d. will have the comparative advantage in only one good e. should specialize in the production of both goods
Economics