The law of one price does not hold for
A) agricultural goods.
B) tradeable goods.
C) differentiated goods.
D) goods whose production causes pollution.
C
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In the 2008-09 recession, the government deficit
A) stayed roughly constant. B) decreased. C) increased. D) would have increased if the government had intervened.
Some evidence suggested that intra-industry trade between similar countries had a _______ impact on domestic workers but later evidence indicates that it all depends on how ______ the labor market is.
a. small; sticky b. large; sticky c. small; flexible d. large; flexible
In a monopolistically competitive market, the demand curves faced by incumbent firms are unaffected by the entry of new firms into the market
a. True b. False Indicate whether the statement is true or false
U.S. investment is financed from
What will be an ideal response?