For international trade to benefit a country, it must benefit all citizens of that country
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Suppose a commercial banking system has $240,000 of outstanding checkable deposits and actual reserves of $85,000. If the reserve ratio is 25%, the banking system can expand the supply of money by a maximum of
A. $5,000. B. $25,000. C. $75,000. D. $100,000.
Suppose there are 100 firms each with a short run total cost of STC = q2 + q + 10, so that marginal cost is MC = 2q +1 . If market demand is given by QD = 1050 ? 50P, what is the equilibrium price?
a. 5 b. 10 c. 11 d. 50
Tara deposits money into an account with a nominal interest rate of 6 percent. She expects inflation to be 2 percent. Her tax rate is 20 percent. Tara's after-tax real rate of interest
a. will be 2.8 percent if inflation turns out to be 2 percent; it will be higher if inflation turns out to be higher than 2 percent. b. will be 2.8 percent if inflation turns out to be 2 percent; it will be lower if inflation turns out to be higher than 2 percent. c. will be 3.2 percent if inflation turns out to be 2 percent; it will be higher if inflation turns out to be higher than 2 percent. d. will be 3.2 percent if inflation turns out to be 2 percent; it will be lower if inflation turns out to be higher than 2 percent.
If the market supply curve does not capture all of the costs to society of producing an additional unit of good, then:
A. the allocation of resources will be efficient. B. the market equilibrium will be socially optimal. C. the market equilibrium will not be efficient. D. the market will not be in equilibrium.