The study of factors that influence both international and interregional trade is referred to as
A) accidents of history.
B) economic geography.
C) factor abundance theory.
D) weather analysis.
E) centralized optimization.
B
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The deadweight loss from a tax
A) is the tax revenue the government collects when people die. B) is the split of a tax between the amount paid and the amount collected. C) equals the amount collected as revenue from the tax. D) is called the excess burden of the tax. E) equals the amount collected as revenue from the tax plus the excess burden of the tax.
Name the two international institutions that have been formed to attain higher rates of global economic growth and briefly discuss what each of the agencies does
What will be an ideal response?
Economists consider price discrimination to always be undesirable
a. True b. False Indicate whether the statement is true or false
Output in the short run is determined by which of the following factors when an economy operates at full employment?
A. demand B. supply C. the price level D. the labor force