National policy always overrides free trade in matters of environmental concern
Indicate whether the statement is true or false
FALSE
You might also like to view...
In monopolistic competition there is/are
A) only one seller who faces a downward-sloping demand curve. B) many sellers who each face a perfectly elastic demand curve. C) a few sellers who each face a downward-sloping demand curve. D) many sellers who each face a downward-sloping demand curve.
An increase in the inflation rate increases employment only if the increase in inflation is unexpected
Indicate whether the statement is true or false
If a perfectly competitive firm is producing 1,500 units and, at the 1,500th unit, the difference between marginal revenue and marginal cost (MR - MC) is negative, which of the following is true?
A) The firm should increase production to maximize profit. B) The 1,500th unit costs less to produce than the firm earns in revenue. C) The firm is maximizing profit. D) The firm should decrease production to maximize profit.
Following the economic crisis in 1994-1995, the Mexican peso fell sharply in value. What will be the main economic effects in Mexico of such an exchange rate change?
a. It will decrease aggregate demand and aggregate supply, so that output will certainly fall, and prices may fall as well. b. It will increase aggregate demand and aggregate supply, so that output will certainly rise, and prices may rise as well. c. It will increase aggregate demand and decrease aggregate supply, so that prices will certainly rise and output may rise as well. d. It will decrease aggregate demand and increase aggregate supply, so that prices will certainly fall and output may fall as well.