Purchasing power parity explains how the exchange rate will adjust to differences in price levels between two countries
a. True
b. False
Indicate whether the statement is true or false
True
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In 2002 some politicians and many representatives of the steel and iron-ore mining industries in the U.S. complained foreign steel producers were illegally "dumping" steel and contributing to a potential unemployment problem
According to the economic way of thinking, their argument is questionable because A) it is not at all clear what the appropriate or correct price of steel is. B) it is not at all clear what the appropriate or correct cost of steel is. C) it is not at all clear that such an activity increases total unemployment in the U.S. D) all of the above are true.
What happens to the price of the product and total revenue for a perfectly competitive firm if it doubles the amount of output it supplies in the market?
What will be an ideal response?
Is coal a produced factor of production?
School Board Voters' Ordered PreferencesDavidErnieFionaNew gymNew libraryNew computer labNew libraryNew computer labNew gymNew computer labNew gymNew libraryIf a pair-wise majority vote was held and the voters' preferences are shown in the table, which of the following is true?
A. The outcome of the vote will change, depending on the order of the vote. B. The preferences of each member is transitive. C. The collective preferences of the group are not transitive. D. All of these are true.