What is the expected outcome when trade occurs in a monopolistically competitive industry if the nations have similar tastes, technology, products, and costs?
a. No trade is possible.
b. Consumers are left with no choices.
c. Each firm has a larger market in which to sell, and consumers have more choices of sellers and products.
d. Transportation costs become the driving factor.
Ans: c. Each firm has a larger market in which to sell, and consumers have more choices of sellers and products.
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When did Regulation Q finally disappear?
A) 1934 B) 1945 C) 1986 D) 2000
If housing prices have increased for the past 20 years, it is almost certain that prices will increase the following year
a. True b. False Indicate whether the statement is true or false
Assume policy makers in a fixed exchange rate regime decide to peg the exchange rate at a lower level. This is called
A) a devaluation. B) a revaluation. C) a depreciation. D) an appreciation.
Refer to the table below. Based on the data provided, it can be deduced that:
The table below shows labor-productivity figures in two countries facing constant costs:
A. Country A can produce more meat and houses than country B
B. Country A has a comparative advantage in producing houses
C. Country B has the absolute advantage in producing houses
D. Country B has a comparative advantage in producing houses