The Apple iPhone is sold in a box labeled "Made in China." A study by economists at the Asian Development Bank found the value of the iPhone components China ________ U.S. firms is ________ the value of assembling the iPhones in Chinese factorie
A) imports from; less than B) imports from; greater than
C) exports to; greater than D) exports to; equal to
B
Economics
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What is the key assumption about marginal utility?
What will be an ideal response?
Economics
An increase in consumer confidence would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
Economics
Should autonomous consumption rise by one dollar, the effect of this on equilibrium income can be offset if net taxes are
A) raised by one dollar. B) lowered by one dollar. C) raised by c dollars. D) lowered by c dollars. E) raised by (1/c) dollars.
Economics
Refer to the above figure. At a price of $2, excess quantity demanded equals
A) 0. B) 3. C) 12. D) 15.
Economics