Which of the following is the situation in which firms outside a trade bloc shift the final assembling process of partially assembled products into a member nation of the bloc and then export the finished products to other nations within the bloc?
A) trade diversion
B) trade deflection
C) trade retention
D) rules of origin
B
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Most Keynesian macroeconomists today ________ the natural rate hypothesis, which has helped lead to the ________ of Keynesian macroeconomics in the 1990s
A) reject, near-total extinction B) reject, revival C) accept, near-total extinction D) accept, revival
The cross-price elasticity of demand between rifles and bullets is likely to be
a. negative because the goods are complements b. positive because the goods are complements c. negative because the goods are substitutes d. positive because the goods are substitutes e. 0 because the goods are not substitutes
If the dollar price of the English pound goes from $1.50 to $1.75, the dollar has
What will be an ideal response?
If A and B are complements, an increase in the price of good A would:
A. lead to a decrease in demand for B.
B. lead to an increase in demand for B.
C. have no effect on the quantity demanded of B.
D. none of the statements associated with this question are correct.