The positive relationship between price and quantity supplied is called:_________?A. Profit B. a change of supply C. a shift to the supply curve D. the law of supply Positive relationship between price and quantity supplied—that a higher price leads to…
Economies of Scale meaning ? A. Cost on all productsB. Reduced per unit Cost C. Higher per unit Cost D. None of these
Psychology deals with_________________? A. only violent behavior B. only normal behaviorC. mental states of individual humans D. groups of people in interaction E. None of these
To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ? A. an equality of trade…
One principle in the theory of mercantilism is that colonies should be_____________? A. granted independence as soon as possible B. Considered an economic burden for the colonial power C. encouraged to develop their own industriesD. acquired as markets and sources…
During the 1980s and 1990s the economic policies of China, supported by Deng Xiaog have led directly to______________?? A. an expansion of China’s colonial empireB. an increase in trade with the West C. a return to a strict command economy…
Which factor best accounts for the existence of cash-crop production as a major form of agriculture i many central American nations today ? A. demand of world markets for such crops B. lack of modern agricultural technology C. inadequate supply…
In recent years, which factor has been major reason for the economic tensions between the United States and China ? A. China’s trade deficit with the United States was very high B. The United States refused to place quotas on…
Which situation has contributed most recent Japanese economic growth ? A. The Japanese government has place limits on Japanese exports B. Japanese industries spend very little on the research and development of new productsC. The Japanese government and Japanese businesses…
A comparison of Japan’s policies before 1945 with the policies in effect after 1945 indicates that______________? A. reduction in spending on military goods leads to economic depression B. dependence on foreign trade usually leads to a weakened national economyC. territorial…