Fundamentally, countertrade is best described as a(n) ________ transaction.
A) simple
B) common
C) desirable
D) inefficient
D) inefficient
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If two duopolists can collude successfully, then both will
A) earn greater profits than if they did not collude. B) price at marginal cost. C) price below average total cost. D) lower their economic profits.
If a budget deficit is the result of expenditures for programs such as farm subsidies and Social Security, the burden on future generations is slight
a. True b. False Indicate whether the statement is true or false
Suppose that over the past year, the nominal interest rate was 5 percent, the CPI was 150.3 at the end of the year, and the CPI was 144.2 at the beginning of the year. It follows that
a. the dollar value of savings increased at 5 percent, and the purchasing power of savings increased at 0.8 percent. b. the dollar value of savings increased at 5 percent, and the purchasing power of savings increased at 9.2 percent. c. the dollar value of savings increased at 0.8 percent, and the purchasing power of savings increased at 5 percent. d. the dollar value of savings increased at 9.2 percent, and the purchasing power of savings increased at 5 percent.
If people thought that many banks in a certain country were at or near the point of bankruptcy, then that country's interest rate
a. and net exports would rise. b. would rise and its net exports would fall. c. would fall and its net exports would rise. d. and its net exports would fall.