International trade can be correctly considered as an example of a zero-sum game.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
The distribution of income and wealth in colonial America was
(a) relatively equal to that of modern America. (b) relatively unequal to that of modern America. (c) unequal in roughly the same degree as that in modern America. (d) unequal, but the data are not good enough to allow a comparison with modern America.
The productivity of the employees of a bakery is reduced because of the excessive noise coming from a next door car repair shop. This is an example of
A) synergy. B) a positive externality. C) a negative externality. D) happy coexistence.
The production possibilities curve
A. Represents the different quantities of goods society can consume while operating at full employment. B. Tends to increase as the population grows. C. Must shift outward every year. D. Is another name for the aggregate demand curve.