If markets are perfectly competitive, the free-trade price of a good in an importing country is expected to be lower than the pre-trade price of the good in that country.
Answer the following statement true (T) or false (F)
True
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What is the name of the group which decides when recessions begin and end?
A) the Business Cycle Dating Committee B) the Bureau of Labor Statistics C) the Commerce Department D) the Federal Reserve Open Market Committee
If the short-run price elasticity of demand for hospital care is 0.27, then the long-run price elasticity should be
a. greater than 0.27 b. greater than 1.00 c. less than 0.27 d. equal to 0.27 e. less than 0
The share of new loans with a down payment of 5 percent or less extended by Freddie Mac and Fannie Mae
a. declined substantially after 1999. b. rose from 4 percent in 1998 to 12 percent in 2003 and 23 percent in 2007. c. rose from 4 percent in 1998 to 23 percent in 2002, but declined to less than 10 percent in 2007. d. never exceeded 10 percent of the new loans financed.
Based on table 9.1 (the table above), the statistical discrepancy is _________
Fill in the blank(s) with the appropriate word(s).