China is not an important market for other nations' exports
Indicate whether the statement is true or false
FALSE
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According to prospect theory,
A) people are concerned with wealth levels only. B) people are concerned with changes in wealth levels only. C) people never use a reference level when making their decisions. D) everybody is risk-neutral.
The supply curve will shift to the left when
A) the supply of the product increases. B) the demand for the product decreases. C) some producers leave the industry. D) the product becomes fashionable.
College tuition expenses have risen from 1982 to 2012 by
a. an amount equal to prices in general. b. an amount greater than average prices. c. an amount less than average prices. d. the amount of the percentage increase in the overall CPI.
Suppose there is an increase in the saving rate. Explain what effect this will have on output, output per worker, the rate of growth of output, and the rate of growth of output per worker
What will be an ideal response?