Which of the following is true of Western Europe, Japan, Canada, Mexico, and China taken together?
a. All these countries are classified as high-income countries by the World Bank.
b. They are all members of the North American Free Trade Agreement [NAFTA].
c. All these countries are considered developing countries by the World Bank.
d. They are collectively the largest trade partners of the U.S.
e. They are the five largest exporters of agricultural produce in the world.
d
You might also like to view...
Oligopolies can result from any of the following EXCEPT
A) economies of scale. B) vertical mergers. C) government regulation. D) diseconomies of scale.
In a system in which all banks have a uniform reserve requirement, the money multiplier is equal to 1 divided by the required reserve ratio
a. True b. False Indicate whether the statement is true or false
The Stackelberg model of oligopoly assumes that each of the two producers will choose prices instead of quantities and neither will change price in response to the other's decision
Indicate whether the statement is true or false
In the short run, an increase in investment, ceteris paribus, shifts the
A) AD curve to the right, causing equilibrium price level to rise and equilibrium Real GDP to increase. B) AD curve to the left, causing equilibrium price level to fall and equilibrium Real GDP to decrease. C) SRAS curve to the right, causing equilibrium price level to fall and equilibrium Real GDP to increase. D) SRAS curve to the left, causing equilibrium price level to rise and equilibrium Real GDP to decrease.