A consumer's indifference curves are straight lines when, for the consumer, the goods in question are __________
Fill in the blank(s) with correct word
perfect substitutes
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The marginal revenue curve facing a monopolistically competitive firm
A) lies on its demand curve. B) lies above its demand curve. C) lies below its demand curve. D) is equal to its price curve. E) is parallel to its demand curve.
Which of the following has not been suggested as a reconciliation of Leontief's findings?
A) international differences in tastes B) U.S. tariff structure C) failure to take into account natural resources D) temporary data problems immediately after World War II
If the nominal gross domestic product (GDP) for the year 2000 was $6.2 trillion and the price index was 200, the real gross domestic product (GDP) for 2000 was _____
a. $3.1 trillion b. $6.2 trillion c. $12.4 trillion d. $18.6 trillion e. $24.3 trillion
If the United States is experiencing inflation, then it will be most willing to engage in international policy coordination that requires:
A. expansionary U.S. monetary policy. B. strengthening the dollar. C. weakening the dollar. D. expansionary U.S. fiscal policy.