The disruption caused by international trade is
a. fundamentally different from some of the other disruptions caused by the other workings of a market economy.
b. not fundamentally different from all the other disruptions caused by the other workings of a market economy.
c. fundamentally different from all the other disruptions caused by the other workings of a market economy.
d. not fundamentally different from some of the other disruptions caused by the other workings of a market economy.
b. not fundamentally different from all the other disruptions caused by the other workings of a market economy.
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The more liquid markets are the:
A. higher the interest rates, and the lower the amount of investment. B. higher the interest rates, and the higher the amount of investment. C. lower the interest rates, and the lower the amount of investment. D. lower the interest rates, and the higher the amount of investment.
Monopolists who perfectly price discriminate produce the socially efficient level of output.
Answer the following statement true (T) or false (F)
If the CPI is 231.4 in one year and is 241.2 in the next year, then the inflation rate equals
A) (241.2 - 231.4 ) × 100. B) × 100. C) × 100. D) × 100. E) × 100.
If prices of both horizontal and vertical goods increase by 50%,
A) budget constraint will be unchanged. B) slope of the budget constraint stay the same. C) slope of the budget constraint will decrease. D) budget constraint will shift outward in a parallel fashion.