Core CPI is a price index that only looks at the prices of food and energy and ignores the prices of all other goods and services
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to the diagram above, which represents a country's supply and demand for an internationally traded good
If PW is the world price, and a foreign country engages in dumping by selling at P1, the country's producer surplus will ________ by ________. A) increase; abcd B) decrease; abcd C) increase; bcd D) decrease; a
These are the cost and revenue curves associated with a firm.
If the firm in the graph were producing Q2 and charging P2, it:
A. represents the perfectly competitive outcome. B. is an outcome that eliminates deadweight loss. C. is an efficient outcome. D. All of these statements are true.
The Phillips curve shows
A. A historical (direct) relationship between the rate of unemployment and the rate of inflation. B. A historical (direct) relationship between the rate of unemployment and the rate of growth of real GDP. C. A historical (inverse) relationship between the rate of unemployment and the rate of inflation. D. A historical (inverse) relationship between the rate of unemployment and the rate of growth of real GDP.
The United States is considered by the Institute for Management Development to be the most competitive economy because
A. of selected restrictions on imports from Japan and Europe. B. of widespread entrepreneurship. C. of a high saving rate. D. U.S. residents are willing to work harder than anyone else is.