Refer to Figure 10-5. The consumer can afford consumption bundles
A) r, s, t, and u. B) r, s, v, and u. C) s, v, t, and u. D) s, v, and u only.
C
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In terms of overall welfare, dumping is good for the importing country
Indicate whether the statement is true or false
In the presence of external economies of scale, trade
A) may or may not improve welfare in both countries. B) will unambiguously improves welfare in both countries. C) will unambiguously worsens welfare in both countries. D) will unambiguously worsen welfare in the exporting country and improve welfare in the importing country. E) will unambiguously improve welfare in the exporting country and worsen welfare in the importing country.
If the income elasticity of demand for dental services is –0.6, this means that people purchase more dental services when the price is lowered
Indicate whether the statement is true or false
Alexis talks to his uncle, who advises him to diversify if he chooses to invest in stocks. How can Alexis do this?
a. Choose one stock with a solid history of growth and invest primarily in that. b. Purchase shares of preferred and common stock in the same company. c. Purchase shares of a variety of stocks in companies across a range of industries. d. Buy a company’s stock, hold it for a set period, then sell and repeat the process with a different company.