Most of world trade is in the form of manufactured consumer goods such as TVs, stereos, VCRs, and running shoes

Indicate whether the statement is true or false


FALSE

Economics

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Use the following graph for a competitive market for a product where the government has set a price floor of 0C to answer the question below.  What quantity will the sellers be able to sell after the imposition of the price floor?

A. 0G B. CB C. 0F D. 0E

Economics

________ can counteract a currency depreciation

A) Autonomous monetary policy tightening B) Purchase of international reserves C) Autonomous monetary policy easing D) Capital controls

Economics

Economies of scale in nuclear power plants exist because of

A) more efficient plant management. B) a better understanding of the plant's idiosyncrasies, or learning-by-doing. C) nuclear power technology changes. D) both A and B.

Economics

The classic resource study of Barnett and Morse found that

a. resource costs have been rising at such a rate that, within fifty years, the prices of most natural resources will be exorbitant. b. the current proved reserves of most minerals are becoming perilously low. c. resource prices declined between 1870 and 1920, but since 1920 the relative price of natural resources has been increasing at an annual rate of approximately 3.5 percent. d. technology and developing substitutes outran our use of scarce natural resources during the last century, so that relative resource prices have declined.

Economics