When external scale economies exist in an industry, which of the following groups is most likely to be left worse off after the opening of free trade?
A. Consumers in the importing country
B. Consumers in the exporting country
C. Producers in the importing country
D. Producers in the exporting country
Answer: C
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If everyone has identical preferences over public goods, Lindahl prices for providing the efficient level of the public good will be the same for everyone.
Answer the following statement true (T) or false (F)
Liability management refers to:
A. a bank's handling of the assets in individual trust funds. B. how a bank attracts deposits and what it pays for them. C. how a bank manages its accounts receivable. D. a bank's handling of loans and other assets.
Which of the following is always correct in an open economy?
a. S = I b. S = NX + NCO c. S = NCO d. S = I + NCO
All of the following would affect the position of a country's production possibilities curve, except:
A. technological progress. B. the amount of the capital stock. C. the quantity of labor. D. the level of unemployment.