While China's exports are consistent with the predictions of the Heckscher-Ohlin theory, China's imports are not.
Answer the following statement true (T) or false (F)
False
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If the MPC of an economy is 0.90 and the economy has a horizontal aggregate supply curve, then an increase in investment spending of $50 million will increase total income by
A. $50 million. B. more than $50 million but less than $500 million. C. $500 million. D. more than $500 million.
An increase in the quantity demanded of a good is most often due to:
A. an increase in wages paid to workers. B. higher prices. C. a decrease in the price of a substitute good. D. lower prices.
In the long run, a firm can change
A. all inputs. B. nothing. C. only one input, such as plant size. D. None of these are correct.
Holding all other personal characteristics-such as age, gender, and income-constant, economists would expect that
A) people without health insurance will be less likely to be overweight than people with health insurance. B) people without health insurance will be more likely to be overweight than people with health insurance. C) people without health insurance will be equally likely to be overweight as people with health insurance. D) there is no correlation between not having health insurance and being overweight.