A monopoly restricts output and charges a higher price than other types of firms
a. True
b. False
Indicate whether the statement is true or false
True
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Recent research suggested that there are large health benefits from consuming cooked tomatoes. Holding other things constant, this will cause
a. The demand curve for tomatoes to shift to the right b. The demand curve for tomatoes to shift to the left c. The supply curve for tomatoes to shift to the right d. The supply curve for tomatoes to shift to the left
Which of the following statements is true?
a. World trade as a fraction of world GDP is much less than it was at the end of the 19th century. b. War decreases the pace of globalization. c. Large countries such as the U.S., Russia, and Japan have high scores in economic integration when measured against the criteria of Foreign Policy magazine. d. Poor countries tend to have high scores in the personal contact area when measured against the criteria of Foreign Policy magazine. e. The U.S. increased its international investments after the September 11, 2001 terrorist attacks to revive their economy.
Refer to the above figure. If the government imposes a price floor of $60
A. the quantity of goods that will be traded is 200. B. the quantity of goods that will be traded is 0. C. the quantity of goods that will be traded is 100. D. the quantity of goods that will be traded is 150.
How does expanding worldwide trade produce gains for all the nations that participate?
What will be an ideal response?