Trade agreements help to lower barriers to trade
a. True b. False
a
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The ground rules, customs, and conventions that govern the behavior of market participants are known as ________
Fill in the blank(s) with correct word
In the recent Global Economic Crisis, the negative wealth effect caused
A) LM curve to shift to the right. B) LM curve to shift to the left. C) IS curve to shift to the left. D) LM curve to shift to the right.
The marginal product of labor is the increase in the price of labor resulting from a unit rise in the demand for labor
Indicate whether the statement is true or false
Suppose prices for new homes have risen, yet sales of new homes have also risen. We can conclude that:
A. the demand for new homes has risen. B. the law of demand has been violated. C. new firms have entered the construction industry. D. construction firms must be facing higher costs.