Intellectual property rights protection is a critical issue for the pharmaceutical industry among others
Indicate whether the statement is true or false
TRUE
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Suppose a country's net exports equal -$21.3 billion. Which of the following will happen if the volume of exports increases by $1 billion, imports remaining unchanged?
A) The country's net exports will be equal to -$20.3 billion. B) The country's net exports will become positive. C) The country's net exports will be equal to -$22.3 billion. D) The country's net exports will be zero.
Which of the following is the best example of a positive question?
A. Should the government reduce inflation? B. How should the government deal with the next recession? C. Should government allow two large companies to merge? D. How are price and quantity demanded related?
The exchange rate between the U.S. dollar and the Japanese yen change
A. every five years. B. on a yearly basis. C. on a monthly basis. D. at times from one minute to the next.
Consumer surplus is the difference between the maximum amount a buyer is willing to pay for a product and the price he actually pays
Indicate whether the statement is true or false