If a country is a net importer of a good, domestic suppliers will supply ________ of that good after it opens itself to international trade.
A. the same amount
B. none
C. less
D. more
Answer: C
You might also like to view...
A tax may be used as a corrective device in the case of a negative externality because it will __________ marginal private costs and __________ supply.
A. increase; decrease B. increase; increase C. decrease; decrease D. decrease; increase
Which of the following average cost functions suggests the presence of a natural monopoly?
A) AC = 2 B) AC = 100/Q + 2 C) TC = 100/Q + 2Q D) All of the above.
In the long run, a decrease in the money supply growth rate
a. shifts both the long-run and the short-run Phillips curves right. b. shifts the long-run Phillips curve left and the short-run Phillips curve right. c. shifts the long-run Phillips curve right and the short-run Phillips curve left. d. None of the above is correct.
Larry has a comparative advantage over his classmates in writing term papers if he:
A. can write term papers faster than his classmates. B. always earns an A on his term papers. C. has a lower opportunity cost of writing term papers than his classmates. D. has an absolute advantage in writing term papers.