If an economy is operating at a point inside its production possibilities curve, this reflects inefficient resource use
Indicate whether the statement is true or false
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The table above has the domestic demand and domestic supply schedules for a good. If the world price of the good is $10, then according to the table
A) the country exports 6 units a day. B) the country imports 6 units a day. C) the country imports 16 units a day. D) the country exports 22 units a day. E) domestic production is higher before trade than after trade.
All of the following are symptoms of definite and indefinite macroeconomic imbalances EXCEPT
A) large budget deficits. B) an overvalued currency. C) a current account deficit. D) the discovery of emerging markets by financial investors who want to diversify their portfolios. E) inflationary pressures.
The British Crown was the only political, social, cultural and economic influence on the colonization of North America
Indicate whether the statement is true or false
Which of the following is the BEST example of a monopsonist?
A) a household hiring a gardener B) a turnip farmer hiring seasonal help C) Hershey's Chocolate Factory in Hershey, PA D) Vinaka Coffee Shop in Carlsbad, CA