If the price of one input changes, generally the firm will change its use of both inputs
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to the table above. If the world price of trousers is $8 per pair, then which of the following statements is true?
A) Country B, Country C, and Country D will export trousers, whereas Country A will import trousers. B) Country A, Country C, and Country D will import trousers, whereas Country B will export trousers. C) Only Country B will import trousers, whereas Country A, Country C, and Country D will export trousers. D) All countries will import trousers.
How do the capital account and the current account differ?
What will be an ideal response?
Keynes hypothesized that the precautionary component of money demand was primarily determined by the level of
A) interest rates. B) velocity. C) income. D) stock market prices.
The Phillips curve describes a trade-off between interest rates and unemployment
Indicate whether the statement is true or false