Other things the same, when the price level rises, interest rates

a. rise, so firms increase investment.

b. rise, so firms decrease investment.

c. fall, so firms increase investment.

d. fall, so firms decrease investment.

When organizations request for bids for contracts on their own Web site for procurement, such business is classified as a (n) :

The extent to which a change in price causes a change in the quantity demanded

The principle of comparative advantage asserts that a. the world price of a good will prevail in all countries, regardless of whether those countries allow international trade in that good. b.

Consider the demand for cigarettes. Suppose the government decreases the price of cigarettes by lowering cigarette taxes.

invisible hand in Adam Smith's theory turns self-directed gain into social and economic benefits for all. true false

Areas set up to attract foreign investments by allowing the iportation of raw and intermediate materials without paying tariffs are called

The Wheeler-Lea Act empowered the FTC to regulate the advertising of food and drugs. It declared all misleading, unfair, or deceptive practices to be illegal, regardless of injury to competition. a. True b. False

Along with higher return comes

Kalyan Corporation uses the FIFO method in its process costing system. Operating data for the Enameling Department for the month of May appear below: Units Percent Complete with Respect to Conversion Beginning work in process inventory 1,800 20 %

Pager, a simple personal device for short messages, became famous in the 1990s. Troveron Communications launched a pager in the early twenty-first century.