If foreigners are restricted in their ability to buy investments in a country then that government is imposing:
A. controls on capital inflows.
B. fixed exchange rates.
C. controls on capital outflows.
D. controls on both capital inflows and outflows.
Answer: A
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Refer to the diagram above, which represents a country's supply and demand for an internationally traded good. If PW is the world price, and a foreign country engages in dumping by selling at P2, total domestic consumption will ________ to ________
A) increase; Q2 B) decrease; zero C) increase; Q5 D) increase; Q3
Average fixed costs:
A. are a constant, regardless of quantity of output. B. always trend downward as output increases. C. are a vertical line. D. always trend upward as output increases.
Rent controls generally provide the tenants the most efficient housing choice in the long run and maximize economic welfare.?
Indicate whether the statement is true or false.
High-income industrial nations such as the United States and Japan tend to have their highest tariffs in
A) newer, high-technology manufacturing industries. B) capital-intensive, diversified manufacturing. C) agriculture, clothing, and textiles D) automobiles.