When Sophie, a French citizen, purchases a Dell computer in Paris that was produced in Texas, the purchase is
A) neither an export nor an import for either country.
B) a U.S. export and a French import.
C) a U.S. import and a French export.
D) both a U.S. and a French import.
B
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If the price of a cup of coffee increases by 50 percent, the quantity demanded decreases by 50 percent. The price elasticity of demand is:
A. elastic. B. inelastic. C. unit elastic. D. zero.
The process by which new products and methods of production are continuously replacing old ones is known as
a. the invisible hand principle. b. the production possibilities frontier. c. creative destruction. d. the fallacy of composition.
The chief economist of the country of Borduria has implemented a policy of maintaining the currency of Borduria at a low value compared to its trading partner. This will cause: a. the Bordurian exports to be cheaper for its trading partner
b. the Bordurian exports to become more expensive for its trading partner. c. the Bordurian interest rates to be higher than its trading partner. d. Borduria's imports from its trading partner to become less expensive.
Victor M. Rios describes the way that a range of social institutions provide justification for law enforcement to treat young Black and Latino bodies as disposable. He refers to the coalition of social institutions that punish, stigmatize, and dehumanize poor youth of color as a _______________.
Fill in the blank(s) with the appropriate word.