One advantage of importing is that an importer can diversify its operating risks by developing alternative suppliers.
a. true
b. false
a. true
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What economic benefits might a developing country gain by reducing corruption? Discuss only economic benefits and provide examples from specific developing countries
What will be an ideal response?
If investment spending depends on GDP, this is called induced investment
a. True b. False Indicate whether the statement is true or false
Suppose that today 1 British pound exchanges for $1.60. If next week 1 pound exchanges for $1.70, it is clear that
A. The dollar has appreciated relative to the pound. B. The pound has depreciated relative to the dollar. C. The dollar has depreciated relative to the pound. D. Both currencies have appreciated.
Refer to the given data. The total amount of revenue collected from a $1-per-unit tariff on this product will be:
Answer the question on the basis of the following domestic supply and demand schedules for a product. Suppose that the world price of the product is $1.
A. $22.
B. $8.
C. $7.
D. $14.