The exports of the DVCs consist largely of:
A. high-technology goods.
B. raw materials and farm products.
C. manufactured goods.
D. services and financial capital.
B. raw materials and farm products.
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Based on the CPI, how do we measure annual inflation?
a. We compute the total price of a fixed set ("market basket") of goods and services in a base year, such as 2003, and in a future year, such as 2004. b. We get CPI for 2004 by multiplying the 2004 total cost with the 2003 total cost, and divide by 100 . A similar calculation will yield the CPI value for 2003. c. We get CPI for 2004 by adding the CPI value for 2003 to the CPI value for 2004, and multiply by 100. d. We compute the total cost of a fixed set ("market basket") of goods and services in a base year, such as 2003, and in a future year, such as 2004.
The Central Bank of Wiknam decreases the money supply at the same time the Parliament of Wiknam repeals a new investment tax credit. Which of these policies shifts aggregate-demand curve to the left?
a) the investment tax credit repeal but not the money supply decrease b) the money supply decrease but not the investment tax credit repeal c) both the money supply decrease and the investment tax credit repeal d) neither the investment tax credit repeal nor the money supply decrease
Suppose Campus Books, a profit-maximizing firm, is the only supplier of the textbook for a given class. The marginal cost of supplying each book is constant and equal to $10, and Campus Books has no fixed costs. The table shows the reservation prices of the eight students enrolled in the class. CustomerReservation Price($/Book)Q60R54S48T42U36V30W24X18If Campus Books is permitted to charge 2 prices, and the bookstore knows customers with a reservation price above $30 never bother with coupons, whereas those with a reservation price of $30 or less always use them, then the bookstore will set the list price of the book to be ________ and the discounted price of the book to be ________.
A. $30; $24 B. $30; $18. C. $36; $30 D. $36; $24
The primary reason that supply variability can have a significant impact on price is that
A. supply for agricultural products tends to be inelastic. B. demand for agricultural products tends to be elastic. C. demand for agricultural products tends to be inelastic. D. supply for agricultural products tends to be elastic.