Which of the following is FALSE about services trade for India and China?

A) China exports more services than India does.
B) India has a trade surplus in services.
C) China has a trade surplus in services.
D) India trades primarily information services and other business services.


C

Economics

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Monetarism is a school of thought put forth by Milton Friedman. He argued that the economy would most likely

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This graph represents the cost and revenue curves of a firm in a perfectly competitive market.According the graph shown, the firm's most efficient scale of operation is to produce quantity:

A. Q1. B. Q2. C. Q3. D. Any quantity as long as P1 is charged.

Economics

Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.

A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower

Economics

The supply curve for a perfectly competitive firm is the portion of its marginal cost curve that lies above the average variable cost curve

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Economics