Herbert is considering whether to advertise on the placemats used in many local restaurants. One of the arguments in favor of this action is. a. publicity is important to a small business and should be used at every opportunity. b.you never know who might see the ad on the placemat. c.the cost of printing is shared with many other local businesses. d.every ad will generate approximately 1,000% of its cost in revenues.

Partnerships are the most common type of business firms in the world. t/f

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.