?Because trade across markets creates winners and losers,the overall surplus in the loser's market is diminished.
Answer the following statement true (T) or false (F)
False
Rationale: Trade makes both regions better off in the aggregate, even though some economic actors will be hurt. Trade increases the pie overall.
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Of the 197 bank failures from 2000 through 2009, approximately _________ percent occurred during the Great recession years of 2008 and 2009.
A. 40 B. 60 C. 80 D. 90
The period of growth from the level of the previous peak to a new peak in Real GDP is called a
A. recession. B. expansion. C. recovery.
The marginal principle ________ to the determination of the efficient level of pollution abatement because ________.
A. applies; there are tradeoffs in terms of the costs and benefits of pollution abatement B. applies; pollution abatement causes greater harm than benefits C. does not apply; it is immoral to trade a dirtier environment for material wealth D. does not apply; the costs and benefits of pollution abatement cannot be measured
Assume that employment increases by 3%. Holding all other factors constant, we know with certainty that which of the following will occur?
A) output will increase by 3% B) output per capita will increase by 3% C) output will increase by less than 3% D) the capital labor ratio will increase E) none of the above