We send more of our exports to _________ than any other country.
Fill in the blank(s) with the appropriate word(s).
Canada
Economics
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Comment on the following: "Present-biased people are impatient, but impatient people don't necessarily have to be present-biased."
What will be an ideal response?
Economics
If, as a perfectly competitive industry expands, it can supply larger quantities only at a higher long-run equilibrium price, it is
A) a decreasing-cost industry. B) a fixed-cost industry. C) a constant-cost industry. D) an increasing-cost industry.
Economics
If a good is price elastic, a decrease in price will:
A) decrease total revenue. B) increase total revenue. C) not affect revenue. D) none of the above.
Economics
Government regulations can create de facto monopoly results
a. True b. False
Economics