How many cars will this country import in an open economy situation?

A. 60,000
B. 20,000
C. 80,000
D. 40,000


Answer: D

Economics

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Explain what occurs in the capital market

What will be an ideal response?

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Consider an unregulated monopoly in Figure 8.13. At the firm's profit-maximizing output level, its total revenue is:

A. $1,000,000. B. $200,000. C. $800,000. D. $600,000.

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In 2004, the worldwide demand curve for cement moved to the right. What does this mean?

A. At any price, the quantity demanded was lower. B. At the market a given price only, the quantity demanded was higher. C. At any price, the quantity demanded was higher. D. At the market price only, the quantity demanded was lower.

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