The export supply curve is the portion of the domestic supply curve below the no-trade equilibrium price

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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In making your decision whether to take a trip during spring break, you compare all the other activities you could undertake. As a result, you

A) are not making a rational choice. B) must have made a choice in the social interest. C) limit the cost and the benefits you can gain. D) are making a choice on the margin. E) do not face an opportunity cost.

Economics

Productivity in the services industry may be underestimated because measurements of productivity do not take into account the quality of the service provided

a. True b. False Indicate whether the statement is true or false

Economics

Pepsi One is a close substitute for Diet Coke. When Pepsi introduced Pepsi One, the price elasticity of demand for Diet Coke ________ and Coke's ability to raise revenues through price increases ________.

A. decreased; was reduced B. had no effect; was reduced C. increased; was reduced D. increased; increased

Economics

In the above graphs a direct relationship is shown by

A. Graph A. B. Graph B. C. Graph C. D. Graph D.

Economics