When there is a stock market decline
A. consumption and investment fall.
B. consumption rises and investment falls.
C. consumption and investment rise.
D. consumption falls and investment rises.
Answer: A
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An improvement in the technology used to produce goods would:
Differences in the productivity of labor account for comparative advantage if:
a. the minimum wage varies across the countries. b. the size of the domestic market varies across the countries. c. different countries have differences in labor hours required to produce each good. d. the strength of workforce varies across countries. e. the laborers are paid different wages in different countries.
According to the HO model, countries with different factor endowments but similar technologies and preferences will have a strong basis for trade with each other
Indicate whether the statement is true or false
Under price discrimination, a monopolist equates the marginal cost with the average revenues in different markets
a. True b. False Indicate whether the statement is true or false