Dividing the change in quantity on the horizontal axis by the change in quantity on the vertical axis calculates the slope of a line.
Answer the following statement true (T) or false (F)
False
You might also like to view...
If Bonnie can produce either 10 hats or 20 scarves in a month, and Phil can produce either 5 hats or 10 scarves in a month then
A) Bonnie is more efficient at producing hats, compared to Phil. B) Bonnie is more efficient at producing scarves, compared to Phil. C) both A and B above are true. D) none of the above is true.
In the short-run, real GDP can be greater than or less than potential GDP because in the short run the money wage rate is fixed
Indicate whether the statement is true or false
According to the law of supply in the foreign exchange market, when the U.S. exchange rate rises, the quantity of U.S. dollars supplied will decrease
Indicate whether the statement is true or false
Export-led growth policy involves:
A. favoring industries that export goods over those that only produce domestically consumed goods through high tariffs. B. investing heavily in industry through tax breaks and export subsidies with the aim of selling goods around the world. C. encouraging private investment in industries that currently export goods, rather than those expanding domestically. D. discouraging imports with high tariffs.