Trade restrictions:
A. increase the cost or difficulty of making exchanges across national borders.
B. discourage people from fully taking advantage of lower prices in other countries.
C. can explain why purchasing power parity doesn't typically hold.
D. all of the above statements are true.
D. all of the above statements are true.
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During the 1870s, ___ surpassed ___ as the leading source of power
a. animals; humans b. water; animals c. steam; water d. electricity; steam
The Jordanian government might consider devaluing its currency (the dinar)
a. if domestic inflation is high b. if Jordan has a large trade deficit c. if Jordan has achieved full employment d. if the dollar is appreciated e. if Jordan has a large trade surplus
Consumption functions would shift downward if
a. disposable incomes fall. b. disposable incomes rise. c. price levels fall. d. price levels rise.
The vertical distance between a firm's ATC and AVC curves grows smaller as output increases.
Answer the following statement true (T) or false (F)