In general, free-trade makes the people of a country better off.
Answer the following statement true (T) or false (F)
True
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Pollution is a form of market failure called a negative externality
a. True b. False
If an increase in the price of some goods outweighs other prices that remain constant or decrease then there is:
A. Inflation. B. Deflation. C. Stagflation. D. Reflation.
As frozen yogurt became popular, many different frozen yogurt shops popped up all over the country. This suggests that the
A. the quantity supplied of frozen yogurt decreased. B. supply of frozen yogurt decreased. C. supply of frozen yogurt increased. D. the quantity supplied of frozen yogurt increased.
The long-run price elasticity of demand for electricity is ________ the short-run price elasticity of demand for electricity
A) greater than B) less than C) equal to D) not comparable to E) unrelated to