What is the price of coffee when the demand is 15 pounds per year?
a. $2 per pound
b. $3 per pound
c. $4 per pound
d. $5 per pound
b. $3 per pound
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College education tends to result in a negative externality because the recipient does not receive the full benefit of the education
Indicate whether the statement is true or false
The Keynesian AS curve differs from the classical AS curve in that:
a. the classical AS curve assumes flexible nominal wages. b. the Keynesian AS curve is upward sloping. c. the Keynesian AS curve focuses on short-run behavior. d. b and c. e. all of the above.
In about two paragraphs, distinguish between outsourcing and offshoring as they relate to business processes.
What will be an ideal response?
Which of the following accurately depicts the situation of India's trade in services and what it might mean for the global economy?
A) It is not perceived as threatening to the industrialized nations so it is likely to grow without any impact. B) Because it is nothing new, other economies have had time to adjust. C) It creates only harm to other national economies. D) It may lead to protectionist sentiment and policies in other nations as comparative advantages shift.