The higher the world price above the domestic no-trade equilibrium, the lesser the quantity of a good exported by a country
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The belief that the velocity of money is NOT constant but is highly predictable is associated with the
Which of the following could be a cause of consumption increasing?
A. Income decreases. B. Interest rates increase. C. Wealth increases. D. Expected future income decreases.
An extremely high rate of inflation is called ________.
A. disinflation B. super inflation C. hyperinflation D. deflation
Which of the following would be included in the GDP of the United States?
A. Boeing builds a plane in Seattle that is sold to Air Canada. B. Planet Hollywood serves customers in a restaurant in Hong Kong. C. Nestle produces a candy bar in Switzerland that is sold in San Francisco. D. General Motors produces a car in Germany that is sold in Michigan.