Which of the following is NOT a reason that free trade stimulates economic growth?
A) Free trade encourages a more rapid spread of technology.
B) Industries have larger markets.
C) The importation of technically advanced products enables the country to imitate the technology.
D) Free trade keeps domestic prices up, enabling firms to make more profits that can be spent on research and development.
D
Economics
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Which of the following is TRUE for a perfect price-discriminating monopoly?
A) P = MR for each unit sold B) P = ATC for each unit sold C) P = MC for each unit sold D) P > MC for each unit sold
Economics
Which of the following assigns widely-followed bond ratings?
A) Standard & Poor's Corporation B) Securities and Exchange Commission C) Federal Reserve D) IBM
Economics