With its rapid growth of production and imports, China can be considered as another locomotive economy.
Answer the following statement true (T) or false (F)
True
You might also like to view...
In the figure above, what can you deduce about the slope of the curve?
What will be an ideal response?
Suppose that there is an increase in technology. The classical model predicts that
a. both output and the price level rises. b. output rises and the price level remains the same. c. output rises and the price level falls. d. none of the above.
If movie theatres decided to increase the price for the movie tickets, holding other factors constant, what would happen to the demand for popcorn in the theatres? a. the demand for popcorn would shift to the left because popcorn and movies are substitute goods
b. the demand for popcorn would shift to the left because popcorn and movies are complementary goods. c. the demand for popcorn would shift to the right because popcorn and movies are substitute goods. d. the demand for popcorn would shift to the right because popcorn and movies are complementary goods.
In order to reduce the undesirable effects of moral hazard, an insurance company can:
A. reject the renewal of policies of those people with really bad records. B. classify clients into different types according to their history. C. introduce a deductible. D. All of the statements associated with this question are correct.