The combined EU market is far larger than the NAFTA market in terms of GDP and population
Indicate whether the statement is true or false
FALSE
You might also like to view...
In the short run, a decrease in aggregate demand will lead to
A) no change in the price level and a decrease in real GDP. B) an increase in the price level and a decrease in real GDP. C) a decrease in the price level and an increase in real GDP. D) an increase in the price level and an increase in real GDP. E) a decrease in the price level and an increase in the unemployment rate.
_______________ refers to openness in revealing information about the operations of companies, organizations, institutions, and governments
a. Transparency b. Viscosity c. Liquidity d. Apprenticing
A decrease in nominal gross domestic product necessarily entails a decrease in
A) both real output and the price level. B) either real output or the price level (or both). C) real output and employment. D) the price level and employment.
Suppose a perfectly competitive firm faces the following short-run cost and revenue conditions: ATC = $12; AVC = $10; MC = $15; MR = $13. The firm should
A) decrease output. B) increase output. C) increase price. D) change nothing.