The "vicious circle of poverty" for developing nations can best be described by

A) low levels of international trade that reduce exports and increase the dependence on imports.
B) low incomes that inhibit saving and the accumulation of real and human capital, making it difficult to increase productivity and income.
C) a large government sector, which reduces the availability of private investment spending but increases macroeconomic stability.
D) a lack of entrepreneurial talent that limits the formation of businesses and the development of private businesses.

If the price of British pounds, measured in terms of U.S. dollars, is rising, then the price of U.S. dollars, measured in terms of British pounds, is also rising.

If an asset price declines, the investor with a ________ is exposed to the largest potential loss.

A) long call option
B) long put option
C) long futures contract
D) short futures contract

Collective bargaining is a term that technically and properly is applied only in settings where employees are nonunionized.

Evaluating location alternatives by comparing their composite (weighted-average) scores involves

A) factor-rating analysis.
B) cost-volume analysis.
C) transportation model analysis.
D) linear regression analysis.
E) crossover analysis.

The most obvious measure of low levels of economic development is low ____.

The Federal Trade Commission defines a "dealer" as anyone who sells more than five (5)used cars in a 12-month period.The law covers the sale of automobiles,light-duty vans,and light-duty trucks.

Suppose that a "doggie day care" firm uses only two inputs: hourly workers (labor) and a building (capital) . In the short run, the firm most likely considers

A) both labor and capital to be fixed.
B) both labor and capital to be variable.
C) labor to be variable and capital to be fixed.
D) capital to be variable and labor to be fixed.

Money is

A) the most liquid asset and a perfect store of value.
B) the most liquid asset but an imperfect store of value.
C) not the most liquid asset but a perfect store of value.
D) neither the most liquid asset and nor a perfect store of value.