Case Discussion Questions:
Why has state ownership of farms resulted in a disaster in Cuban
State farms control 75% of arable land, but 45% of this lies idle. Most of
them are not used, so Ral has allowed private farmers and co-ops to lease
Chap 13 Monopolistic Competition and Oligopoly
These questions may include topics that were not covered in class and may not be on the exam.
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) A monopo
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1. A business is an organization that strives for a profit by providing goods and services desired
by its customers.
2. A country that imports more goods than it exports is said to have a:
a. positive trade surplus
b. positive balance of payment
1. The need for businesses to expand their markets is one of the most fundamental reasons for the
growth in world trade. true
2. _ is the amount of money remaining from a firm's sales revenue after it deducts production
costs, interest costs, and taxes. p
1.According to Maslows hierarchy of need, the most basic needs are the social needs.
2. According to Frederick Herzberg, job _ include the work itself,
responsibility, and achievement.
3. According to expectancy theory, the probability of an in