A nation will neither export nor import a specific product when its
A. export supply curve lies above its import demand curve.
B. export supply curve is upward-sloping.
C. domestic price equals the world price.
D. import demand curve is downward-sloping.
Answer: C
Economics
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The random walk model is an example of a
A) deterministic trend model. B) binomial model. C) stochastic trend model. D) stationary model.
Economics
Using the above figure, the perfectly competitive firm in the diagram will earn an economic profit if the market price is
A) P1. B) P2. C) P3. D) P4.
Economics
On-budget expenditures:
What will be an ideal response?
Economics
Someone saying that he wants to lose weight, but ordering dessert is an example of:
A. rational decision making. B. utility-maximizing behavior. C. rational behavior. D. irrational behavior.
Economics