The Case of the Missing Trade refers to
A) the fact that factor trade is less than predicted by the Heckscher-Ohlin theory.
B) the 9th volume of the Hardy Boys' Mystery series.
C) the fact that world exports does not equal world imports.
D) the fact that the Heckscher Ohlin theory predicts much less volume of trade than actually exists.
E) the fact that the Heckscher Ohlin theory never applies to China-U.S. trade practices.
A
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Kinks in budget constraints always produce non-convexities in choice sets.
Answer the following statement true (T) or false (F)
one of the four main categories of spending identified by John Maynard Keynes is consumption
a. true b. false
Assume the demand curve for T-shirts is Q = 180 -15P or P = 12 - 0.0667Q. When are total revenues maximized?
A. When the price is $8.00 B. When the price is $3.00 C. When the price is $6.66 D. When the price is $6.00
Refer to the information provided in Figure 24.4 below to answer the question(s) that follow.
Figure 24.4Refer to Figure 24.4. Along aggregate expenditure AE1, the MPC is
A. 0.6. B. 0.7. C. 0.8. D. 0.9.