​There Are Only Increases in Total Surplus When a Country

question 81

True/False

​There are only increases in total surplus when a country exports a good, since more units of the country's output of that good are produced.

Comprehend how small businesses impact the U.S. economy.

Identify reasons for business failures and successes.

Gain insight into the structure and benefits of different business ownership types, including sole proprietorships, partnerships, and corporations.

Understand the significance of franchises in the business world and the relationship between franchisors and franchisees.

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Definitions:

USB

Abbreviation for Universal Serial Bus, a standard technology for connecting peripherals to a computer, enabling communication and power supply.

Ethernet

A group of computer networking technologies frequently utilized in local area networks (LAN), metropolitan area networks (MAN), and wide area networks (WAN).

DVI

A video interface technology designed to maximize the visual quality of digital display devices such as monitors and projectors.

VGA

Video Graphics Array, a standard for computer video display hardware resolution and color depth.