Options:
A. direct marketing channel.
B. distribution center.
C. simplified transaction.
D. wholesale operation.
E. indirect marketing channel
A. direct marketing channel.
Options:
A. the number of producers
B. the number of final consumers
C. the number of intermediary levels
D. the number of wholesalers in the channel
E. the number of retailers in the channel
C. the number of intermediary levels
Options:
a) sought to prove that charisma was an essential trait of leadership.
b) focused on behavioral traits rather than physical traits of a leader.
c) found consistent and unique traits that would apply to all effective leaders.
d) focused on characteristics that might differentiate leaders from non-leaders.
d) focused on characteristics that might differentiate leaders from non-leaders.
Options:
| A. final gods satisfy wants of ultimate consumers and producers. B. final goods have direct demand as they satisfy the wants directly. C. final goods are subject to further transformation in the process of production. D. final goods are neither used up as raw-material nor for resale in the same year. |
C. final goods are subject to further transformation in the process of production.
Options:
| a. an import tariff b. a tariff-rate quota c. a selective quota d. a global quota |
d. a global quota
Options:
| a. the purpose is to maintain protection for an indefinite time period b. the industry is characterized by increasing returns to scale c. the economy operates during a recession d the protected industry provides invaluable goods during periods of war |
d the protected industry provides invaluable goods during periods of war
Options:
| a. pursue free trade as a policy that leads to maximum global efficiency b. grant subsidies to firms offering potential comparative advantage c. provide loans to domestic workers in exporting industries d. increase interest rates on loans made to firms in import-competing industries |
b. grant subsidies to firms offering potential comparative advantage
Options:
| a. Trades at Canada’s marginal rate of transformation. b. Trades at Sweden’s marginal rate of transformation. c. Specializes completely in the production of its export good. d. Specializes partially in the production of its export good. |
a. Trades at Canada’s marginal rate of transformation.
Options:
| a. Countries will completely specialize in the production of export goods. b. Considerable trade will occur between countries with different levels of technology c. Small countries could obtain all of the gains from trade when trading with large countries d. All of the above. |
d. All of the above.
Options:
| a. There is no basis for gainful trade for either country b. Both countries gain from trad c. Only one country gains from trade d. One country gains and the other country loses from trade |
b. Both countries gain from trad
Options:
| a. Increased competition for world producers b. A wider selection of products for consumers c. The utilization of the most efficient production methods d. Relatively high wages levels for all domestic workers |
d. Relatively high wages levels for all domestic workers
Options:
| a. Maximizing domestic efficiency is not considered important b. Maximizing consumer welfare may not be a chief priority c. There exist sound economic reasons for keeping one’s economy isolated from other economies. d. Economists tend to favor highly protected domestic markets |
b. Maximizing consumer welfare may not be a chief priority