Trade theory suggests that increased trade leads to increased wage equality.
Answer the following statement true (T) or false (F)
False
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If the current account has a negative balance of $100 and the capital and financial account has a positive balance of $80, there will be ________ in official reserves of ________
A) a decrease; $20 B) an increase; $20 C) an increase; $180 D) a decrease; $180
Issuing stock is riskier for corporations since there is a legal requirement to pay dividends.
Answer the following statement true (T) or false (F)
If the production of a good created both external costs and external benefits, but the external costs were greater, without government intervention, a market economy will:
a. not produce the product at all b. overproduce the product. c. underproduce the product. d. produce the optimal amount of the product.
In the short run, a firm will eventually experience rising average total costs because of
a. economies of scale. b. diseconomies of scale. c. the law of supply. d. the law of diminishing returns.