After trade opens, the short run impact on the income of the specific factor that is relatively scarce will be
A) a decrease in its income.
B) an increase in its income.
C) no change in its income.
D) indeterminate, income effects are not possible to know.
A
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What is the influence of the expected profit and the real interest rate on the amount of investment firms make?
What will be an ideal response?
In the above figure, the line represented by the "1" is the
A) average fixed cost. B) marginal revenue. C) total cost. D) average total cost.
The antitrust law that prohibits firms from combining or conspiring to restrain trade in interstate commerce is the:
a. Federal Trade Commission Act. b. Clayton Act. c. Sherman Antitrust Act. d. Robinson-Patman Act.
A significant increase in the price of basketballs will most likely lead to
A. an inward shift in the demand for basketball shoes. B. an increase in the demand for basketball shoes. C. an inward shift in the demand for basketballs. D. a movement along the demand curve for basketball shoes.