The European Commission believes that in 2016 exports of goods and services from Spain will be 22 times larger than in 2013. Irish exports are expected to have grown by 15 percent over the same period. If imports remain constant
A) the current account balance in both countries will become more positive.
B) the current account balance in both countries will become more negative.
C) there will be no change in the current account balance of both countries.
D) in both countries the capital and financial account balance will become more positive.
A
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To restrict a wilderness area in the public domain to a particular group in the general public, say the motorists or snowmobilers of today, is
(a) democratic. (b) consistent with Thomas Jefferson's view on federal ownership of land. (c) undemocratic. (d) non-discriminatory.
Kate's Great Crete (KGC) is a local monopolist of ready-mix concrete. Its annual demand function is Q = 20,000 - 400P, where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. What is KGC's inverse demand function?
A. P = 20,000 - 400Q B. P = 400 - 20,000Q C. P = 50 - 0.0025Q D. P = 50 - 0.005Q
Multinational businesses produce and sell goods around the world
a. True b. False Indicate whether the statement is true or false
The greater the elasticity of supply of and demand for a good, the:
A. smaller will be the efficiency loss of an excise tax on the good. B. more likely the good will be a public good rather than a private good. C. larger will be the efficiency loss of an excise tax on the good. D. larger will be the proportion of an excise tax on the good that will be shifted forward to consumers.