A depreciation in a country's currency will immediately reduce its trade deficit.
Answer the following statement true (T) or false (F)
False
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The reason some insurance customers are more eager to purchase insurance is
a. they are more risk averse b. they are less risk averse c. they have a greater risk of making a claim d. A and C
A tax is imposed on wine. Sellers will bear no burden from this tax if the: a. demand for wine is perfectly inelastic
b. demand for wine is perfectly elastic. c. demand for wine is unit elastic. d. supply curve for wine is perfectly inelastic.
There are two alternative plans to evacuate a village of 900 people in the path of a deadly hurricane. According to the experiment by Amos Tversky and Danial Kahenman, which program will the majority of participants choose?
If Program A is adopted, there is a 33 percent chance of evacuating all 900 people and a 66 percent possibility of evacuating no one on time. If Program B is adopted, 300 people will be evacuated. a. Program A, because it sounds like it has a greater chance of success. b. Program B, because it sounds less risky. c. Either program, because they have equal predicted outcomes d. Neither program, because neither solves the problem
Suppose the global market for personal computers is monopolistically competitive. If a country engages in a two-way trade in personal computers, such trade is usually based on
A. product differentiation. B. constant returns to scale. C. external scale economies. D. comparative advantage.