In order to protect key industries, some countries impose taxes on their exports instead of imports, mainly because it is easier to collect taxes from the export industry

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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Because of increasing opportunity costs, the production possibilities frontier

A. is a straight downward-sloping line. B. at first rises, then falls eventually. C. can be either downward- or upward-sloping. D. is bowed out from (or concave to) the origin.

Economics

The unemployment rate of today is significantly lower than that rate one hundred years ago

Indicate whether the statement is true or false

Economics

Explain why the intersection of the best-response functions is the Cournot equilibrium

What will be an ideal response?

Economics

In the above figure, which wage rate will maximize union members' income?

A) W1 B) W2 C) W3 D) W3 - W1

Economics