A. decline stage
B. introduction stage
C. growth stage
D. maturity stage
A. be a manufactured goods
B. be a primary product
C. have high price elasticity of supply
D. have a low price elasticity of demand
A. Develog countries are instituting programs to limit the growth of their populations
B. Infant mortality is a greater problem in Africa than in Asia
C. The nations with relatively low birthrates have relatively high per capita incomes
D. The national birthrate is determined by many different factors
A. Enable abnormal profits to be made in the long run
B. Enable losses to be made in the long run
C. Enable abnormal profits to be made in the short run only
D. Occur in perfect competition
A. insure that the sum of all debits matches the sum of all credits
B. insure that trade imports equals the value of trade exports
C. obtain an accurate account of a balance of payments deficit
D. obtain an accurate account of a balance of payments surplus
A. licensed brand
B. manufacturer’s brand private brand
C. private brand
D. co-brand
A. accounting profit will exceed economic profit
B. economic profit will always be zero
C. economic profit will exceed accounting profit
D. accounting profit will always be zero
E. economic profit and accounting profit will be equal