Assume that a country has a domestic demand curve defined as Qd = 100 - 2P and a domestic supply curve defined as Qs = -20 + 3P. What is the country's import demand curve (Qm)?
What will be an ideal response?
Qm = Qd - Qs = (100 - 2P) - (-20 + 3P) = 120 - 5P
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Eliminating structural unemployment would be good for the economy
Indicate whether the statement is true or false
Refer to Figure 24-2. Ceteris paribus, an increase in the price level would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Which statement is true?
A. Firms in service industries are less able to take strikes than those in manufacturing. B. The president invokes the Taft-Hartley Act, on the average, about once every five years. C. During the last 20 years there have been many more lockouts than strikes. D. There has been less work time lost to strikes in the U.S. than in any other industrialized country.
Federal Reserve Notes in circulation are:
A. an asset as viewed by the Federal Reserve Banks. B. a liability as viewed by the Federal Reserve Banks. C. neither an asset nor a liability as viewed by the Federal Reserve Banks. D. part of M1 but not of M2.