Quotas increase the profits of importers but decrease the profits of exporters
a. True
b. False
Indicate whether the statement is true or false
False
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The rate at which a price index decreases is referred to as the:
A) cross inflation rate. B) deflation rate. C) reverse inflation rate. D) depreciation rate.
This year Pizza Hut makes a total investment of $1.3 billion in new stores. Its depreciation in this year is $300 million. Pizza Hut's gross investment is ________ and its net investment is ________
A) $1.3 billion; $1.6 billion B) $1.0 billion; $1.3 billion C) $1.3 billion; $1.0 billion D) $1.0 billion; $0.7 billion
Which of the following would be counted in U.S. GDP?
a. A new U.S.-produced radio bought by a Japanese citizen living in Kyoto b. A used U.S.-produced computer bought by a French citizen living in Kansas c. A new Japanese radio bought by a U.S. citizen in Rhode Island d. A U.S. pianist's concert sales in Britain e. Stock in Microsoft Corporation bought by a Russian citizen
Which of the following statements is not correct?
a. An invisible hand leads buyers and sellers to an equilibrium that maximizes total surplus. b. Market power can cause markets to be inefficient. c. Externalities can cause markets to be inefficient. d. The invisible hand can remedy all types of market failures.