Developed countries have lost comparative advantage in textiles and apparel
Indicate whether the statement is true or false
TRUE
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Which of the following is most likely to happen if aggregate consumption in an economy falls steeply?
A) Asset prices rise. B) Mortgage defaults fall. C) Labor supply falls. D) Firm bankruptcies rise.
Which of the following is a microeconomic topic?
A. i. K-Mart's decision to close stores that are not making a profit B. ii. Home Depot's choice to hire more full-time employees because its sales increased C. iii. Delta Airlines changes its fares. D. i, ii, and iii
In a perfectly competitive market, a firm in long-run equilibrium will be operating
A) to the right of the minimum of the long-run average cost curve. B) to the left of the minimum of the long-run average cost curve. C) at the minimum of the long-run average cost curve. D) at the minimum of the marginal cost curve.
An economy wants to increase its current level of investment, it must:
A. sacrifice future consumption. B. print more money. C. offer more stocks and bonds to financial investors. D. sacrifice current consumption.