If opening up international trade resulted in the U.S. importing ballpoint pens, what would tend to happen to the U.S. price of ballpoint pens?
a. The domestic price will fall
b. The domestic price will rise.
c. The domestic price will remain constant.
d. It is impossible to predict the impact.
a
You might also like to view...
Refer to Figure 8.1. The dominant strategy for the players would be for Charla to play ________ and for Mirna to play ________
A) Install; Install B) Install; Don't Install C) Don't Install; Install D) Don't Install; Don't Install
For a household in a (c,c') graph, the optimal consumption bundle is
A) to the left of the endowment point. B) to the right of the endowment point. C) on the endowment point. D) dependent on other factors.
Which of the following statements is true?
A. Focusing on incremental costs is a bad idea for managers. B. Fixed cost is the same thing as variable cost. C. Costs look the same from all perspectives. D. Incremental cost is the same thing as marginal cost.
Command-and-control regulation, as compared to incentive-based regulation, is:
A. efficient in the short run and in the long run. B. efficient in the short run, but not in the long run. C. inefficient in the short run, but efficient in the long run. D. inefficient in the short run and long run.