A consequence of increasing marginal costs of producing digital music players in Japan is
A) Japan will stop short of complete specialization in the production of digital music players.
B) Japan will likely impose trade restrictions on imported digital music players.
C) Japan will not export digital music players.
D) Japan will import digital music players from countries that don't experience increasing marginal costs.
A
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Resources that ________ protected by well-defined property rights are in ________ of being depleted
A) are; great danger B) are; absolutely no danger C) are not; the greatest danger D) are not; little danger
A nation with cheap, efficient communications is likely to be...
What will be an ideal response?
The ultimate effect of a reduction in the money supply is _____
Fill in the blank(s) with the appropriate word(s).
Demand and marginal revenue curves are downward sloping for monopolistically competitive firms because:
A. product differentiation allows each firm some degree of monopoly power. B. there is free entry and exit. C. there are a few large firms in the industry and each acts as a monopolist. D. mutual interdependence among all firms in the industry leads to collusion.