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☆☆☆☆☆Global trade involves business practices that cross international borders. Modern business practices may include multiple locations being used as well as telecommunication via teleconferencing.
It pushes companies to seek to eliminate competition.
cartel
A town zones an area for residential buildings only. This is an example of a land use law.
Environmental-protection laws can be bad for the economy because they may increase unemployment.
The president gives a proposed budget to Congress.
Congress decides on the details of the budget.
The president signs spending bills into law.
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The Office of Management and Budget (OMB) and the president prepare a proposed budget.
Congress decides on the overall level of spending and taxation and passes specific spending bills.
The president signs various spending bills into law.
Trade barriers.
The income level and standard of living
A large company charging below its production cost in order to eliminate competition
Tariffs and embargos are trade restrictions.
Free-trade policies
greater consumer confidence
eventually passed on to consumers in the form of higher prices
It is not a corporation. The Federal Aviation Administration is an operating mode of the U.S. Government's Department of Transportation.
A restriction on when a union may call a strike
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
Merit good : education
Public good : national security
Individual good : food
1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.
- Price fixing: a group of companies agree that all of them will charge the same price.
3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.
Organization of Petroleum Exporting Countries competition regulator
Lockheed Martin Corporation government contractor
Antitrust Division of the Department of Justice cartel
