William and Jamal live in the country of Dumexia. As a result of Dumexia's legalization of international trade in bananas, William becomes better off and Jamal becomes worse off. It follows that William is a seller, and Jamal is a buyer, of bananas
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is true?
i. In an unregulated market with an external benefit, consumers don't take it into account and consume less than the efficient quantity. ii. Marginal social cost equals marginal private cost minus marginal external cost. iii. An unregulated market produces more than the efficient quantity of a good with an external cost. A) Only i B) Only ii C) Only iii D) i and ii E) i and iii
An increase in the money supply shifts the long-run aggregate supply curve to the right
a. True b. False Indicate whether the statement is true or false
Banks lost trillions of dollars when the housing bubble collapsed because:
A. many large banks held massive quantities of mortgage-backed securities. B. most of their customers had to close their accounts due to foreclosures. C. many borrowers defaulted on their mortgages. D. Both A and B are correct.
The U.S. Justice Department prosecuted Microsoft under the terms of
A) the Sherman Act. B) the Kefauver amendment. C) the 1933 amendment to the Federal Trade Commission Act. D) none of the above.