When barriers to trade are imposed, we should expect some groups to be harmed at the expense of other groups
a. True
b. False
Indicate whether the statement is true or false
True
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Which would most likely increase aggregate supply?
A. A decrease in business subsidies B. A decrease in personal income taxes C. An increase in productivity D. An increase in the prices of imported products
What would you expect the cross price elasticity of iPods and online music downloads? Explain your answer
What will be an ideal response?
As a result of an increase in demand from D2 to D1 in Figure 36.4, ceteris paribus, the price of a $40,000 U.S. computer system, in terms of Japanese yen, would: =
A. Decrease in price by 200,000 million yen. B. Increase in price by 800,000 yen. C. Increase in price by 200,000 million yen. D. Decrease in price by 800,000 yen.
According to the rule of 70, if a country grows at an average rate of 2 percent per year, what would happen after 35 years?
A. The country's nominal GDP would double. B. The country's real GDP would double. C. The country's real GDP per capita would double. D. The country's nominal GDP per capita would double.