In the long run, if imports increase, then exports
A. will not change.
B. will become zero.
C. will decrease.
D. will also increase.
Answer: D
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Given the following budget line, (M = PfF + PsS) show the following by reformulating the equation. Assume F (food) is on the horizontal axis and S (shelter) is on the vertical axis.A. The vertical intercept is ________.B. The horizontal intercept is ________.C. The slope of the budget line is ________.
What will be an ideal response?
Models that that require knowledge of the relevant history to reach a conclusion are referred to as:
A. deductive models. B. mathematical models. C. path-dependent models. D. codependent models.
Based on our understanding of the labor market model presented in Chapter 6, we know that an increase in the minimum wage will cause
A) an increase in the equilibrium real wage. B) a reduction in the equilibrium real wage. C) a reduction in the natural rate of unemployment. D) both B and C
________ are not a barrier to entry.
A. Patents B. Consent decrees C. Economies of scale D. Government franchises