Which of the following are not members of DR-CAFTA?
A. Mexico
B. the United States
C. Honduras
D. The Dominican Republic
Answer: A
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Which of the following statements is true?
A) Productive inefficiency implies that it is possible to produce more of one good and no less of another, but only if additional resources are made available. B) Productive efficiency implies that it is possible to produce more of one good and no less of another, even without additional resources. C) Productive inefficiency implies that it is impossible to produce more of one good and no less of another. D) Productive inefficiency implies that it is possible to produce more of one good and no less of another, even without additional resources.
Product %of Change in Income $ of Change in Quantity A. +5 +5 B. _5 -5 C., 19, -5 D. -10 _10
A. Product A only B. Product B only C. Product D only D. Product A and C only E. Product B and D only
Using Figure 2 above, suppose that the economy started at PAE2. A potential change that could cause the economy to go from PAE2 to PAE3 might be:
A. taxes increase. B. interest rates increase. C. wealth level increases. D. domestic income increases.
A price ceiling can result in which of the following?
A) inefficiency B) black markets C) increased search activities D) All of the above answers are correct.