Which of the following geographic regions is expected to experience the largest percentage increase in its population between 2003 and 2050?
(a) Asia and Oceania.
(b) Latin America.
(c) North America.
(d) Africa.
D
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Consider a market that is initially in equilibrium with quantity demanded equal to quantity supplied at a price of $20. If the world price of the good is $10 and the country opens up to international trade then in this market then
A) imports will increase, the price will fall, and the quantity supplied will fall. B) exports will increase, the price will be unchanged, and the quantity supplied will increase. C) imports will increase, the price will decrease, and the supply curve will shift to the left. D) the quantity demanded will decrease, the quantity supplied will decrease, and the price will decrease.
The price of one currency in terms of another is called an exchange rate
Indicate whether the statement is true or false
A firm in a monopolistically competitive market can earn both short-run and long-run profits
a. True b. False Indicate whether the statement is true or false
If a state made a previously-illegal activity, such as gambling or prostitution, legal, then, other things equal, GDP
a. decreases. b. increases. c. doesn't change because both legal and illegal production are included in GDP. d. doesn't change because these activities are never included in GDP.