If the expansion of an export industry leads to the provision of infrastructure such as roads or airports, this is called a(n)
A) secondary effect.
B) linkage effect.
C) elementary effect.
D) None of the above.
B
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Explain the infant industry argument case against free trade
What will be an ideal response?
If the quantity of a good supplied is not very sensitive to the price of the good, this is illustrated by a
a. demand curve that is relatively flat (more horizontal). b. demand curve that is relatively steep (more vertical). c. supply curve that is relatively flat (more horizontal). d. supply curve that is relatively steep (more vertical).
As your wage increases, the ________ effect causes you to work more, but the ________ effect causes you to work less and demand more leisure
a. substitution; income b. income; substitution c. work; leisure d. leisure; work
Refer to the diagram. Physicians likely would argue that health care should be provided to patients in:
A. some amount less than Q 1 .
B. amount Q 1 .
C. some amount between Q 1 and Q 2 .
D. amount Q 2 .