301-actions are more frequently used as a tool of trade policy, especially since the formation of the World Trade Organization
Indicate whether the statement is true or false
FALSE
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Because each perfectly competitive firm sells a product identical to that of the other firms
A) each firm tries to cut prices to increase its market share. B) each firm's output is a perfect substitute for the output of any other firm. C) each firm expects to earn some economic profit. D) the demand for each firm's product is perfectly inelastic.
A parking lot in a busy downtown district is experimenting with its pricing strategy to figure out where it should price its spaces. Which of the following strategies should it implement?
a. Increase parking rates if the lot fills up much earlier than 9am b. Decrease parking rates if the lot doesn't fill up until much after 9am c. If the lot fills up right around 9am the price is right d. All of the above
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a. and firms paying wages above equilibrium to improve worker health both create frictional unemployment. b. creates frictional unemployment, while firms paying wages above equilibrium to improve worker health creates structural unemployment. c. creates structural unemployment, while firms paying wages above equilibrium to improve worker health creates frictional unemployment. d. and firms paying wages above equilibrium to improve worker health both create structural unemployment.
If interest rates increase, what will happen to the demand for reserves?
A. It will shift outward. B. It will shift inward. C. Nothing, the economy will move to a new quantity demanded. D. It depends on what happens to prices.