Consumer wants and consumer demands are the same thing
Indicate whether the statement is true or false
false
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U.S. automakers have an interest to make it more difficult for European competitors to locate assembly plants in Canada or Mexico and thereby ship finished automobiles to the United States duty-free. This is an example of
A) trade deflection. B) trade diversion. C) quotas. D) rules of origin.
Figure 10-5
In Figure 10-5, which graph best illustrates the situation of an economy with high unemployment that experiences an increase in investment spending?
a.
(1)
b.
(2)
c.
(3)
d.
(4)
Recall the Application about allegations that the makers of branded drugs made deals with generic drug makers once the patents expired on branded drugs to answer the following question(s).According to the Application, brand name drugs and generic drugs are ________ each other.
A. virtually identical to B. completely different from C. slightly similar to D. perfect complements of
In the Keynesian model, short-run equilibrium occurs
A. where the IS curve intersects the FE line. B. where the IS and LM curves intersect. C. where the IS curve, LM curve, and FE lines intersect. D. where the LM curve intersects the FE line.