The long-run decline in the relative price of primary products is a strong reason for developing countries to avoid exporting primary products.
Answer the following statement true (T) or false (F)
False
You might also like to view...
When Toyota introduced its 2010 Prius, it announced that the average retail price of the 2010 model would be lower than the average retail price was for the equivalent 2009 model. Which of the following would explain the price differential?
A) The supply of the Prius had decreased, and the demand for the Prius remained unchanged. B) The demand for the Prius had increased, and the supply of the Prius remained unchanged. C) The demand for the Prius had decreased, and the supply of the Prius had increased. D) The demand for the Prius had increased, and the supply of the Prius had decreased.
State and local governments usually finance programs like highways, libraries, hospitals, health care, parks, and police and fire protection
a. True b. False Indicate whether the statement is true or false
To understand how the price of a good is determined in a free market, one must account for the desires of:
A. sellers. B. governmental agencies. C. buyers. D. buyers and sellers.
In principle, a cap-and-trade program would
A. lower the production costs of all firms. B. raise the production costs of all firms. C. cause firms to generate more pollution than their allowed limits. D. cause firms to generate less pollution than their allowed limits.