The import demand curve shows the amount of the home country's:
a. surplus at various prices below the "no-trade" equilibrium.
b. shortage at various prices below the "no-trade" equilibrium.
c. equilibrium "no-trade" quantity demanded.
d. surplus at various prices above the "no-trade" equilibrium.
e. shortage at various prices above the "no-trade" equilibrium.
b
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Use the following table to answer the question below. Jane's Production Possibilities SchedulePounds of Green BeansPounds of Corn08020604040602080 0If Jane produces 40 pounds of green beans, she can produce ________ pounds of corn.
A. 40 B. 60 C. 0 D. 20
If bonds with different maturities are perfect substitutes, then the ________ on these bonds must be equal
A) expected return B) surprise return C) surplus return D) excess return
List two economic reasons why representative democracy makes sense
What will be an ideal response?
Why does the total product curve peak at six workers?
a. Moe’s cannot afford to hire more than six workers.
b. The most workers that Moe can supervise at one time is six.
c. With more than six workers the shop has accounting profits but no economic profits.
d. If Moe’s has more than six workers at once they crowd each other and less work gets done.