Which statement is false?
A. In general, Japanese firms are more concerned with product quality than American firms are.
B. There is no one explanation for the rising Japanese trade surplus.
C. There is no single remedy for our huge trade imbalance.
D. None of these statements are false.
D. None of these statements are false.
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Which of the following statements best describes high-income economies’ relationship with inflation?
a. The high-income economies appear to have a political consensus to hold inflation low, but not the economic tools to do so. b. The high-income economies appear to have the economic tools to hold inflation low, but not the political consensus to do so. c. The high-income economies appear to have both a political consensus to hold inflation low, and the economic tools to do so. d. The high-income economies do not appear to have a political consensus to hold inflation low, and the economic tools to do so.
Give two conditions that are important to the efficient market theory. List one implication of the efficient market theory
If the price of mozzarella cheese (an ingredient in pizzas) declines due to a major technological breakthrough in the dairy industry, there would be:
A) a decrease in the supply of pizza. B) an increase in the supply of pizza. C) an increase in the quantity of pizza supplied. D) no change in the supply of pizza.
When a monopolist practices price discrimination as opposed to setting a single price, efficiency decreases.
a. true b. false