Refer to the figure above. How many chairs were imported by Lithasia before the tariff was imposed by the government?
A) 25 units
B) 50 units
C) 55 units
D) 60 units
D
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Under a fixed exchange rate system, central banks ________ meet the demand for their domestic currency and ________ meet the demand for foreign currencies
A) can always; can always B) can always; are limited in their ability to C) are limited in their ability to; are limited in their ability to D) are limited in their ability to; can never
With economies of scale came
A) larger families. B) simpler business forms. C) the need for management structures beyond what a family could offer. D) fewer economies of scope.
Between 1980 and 1990, the national debt
a. decreased from approximately $300 billion to $100 billion b. decreased from approximately $3 trillion to $1 trillion c. as a percent of GDP, decreased d. remained relatively unchanged as a percentage of GDP e. increased from approximately $1 trillion to over $3 trillion
If MPP is decreasing, total output must be decreasing
Indicate whether the statement is true or false