The president of Suldinia, a developing country, proposes that his country needs to help domestic firms by reducing trade restrictions
a. These are outward-oriented policies and most economists believe they would have beneficial effects on growth in Suldinia.
b. These are outward-oriented policies and most economists believe they would have adverse effects on growth in Suldinia.
c. These are inward-oriented policies and most economists believe they would have beneficial effects on growth in Suldinia.
d. These are inward-oriented policies and most economists believe they would have adverse effects on growth in Suldinia.
a
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Money solves the problem of double coincidence of wants that would regularly occur under a system of credit
Indicate whether the statement is true or false
The following table contains the actual prices charged by four Web sites for a 3D Collector's Edition Blu-ray disc of the movie Marvel's Avengers: Age of Ultron in November 2015
Amazon $24.99 Walmart 25.48 Best Buy 29.99 Disney Store 29.99 Explain whether the information in this table contradicts the law of one price.
The urban consumers that the CPI is based on includes:
A. institutionalized persons. B. incarcerated persons. C. persons in the military. D. the CPI does not include any of these.
An oligopolist who sets the price for the industry is a price leader.
Answer the following statement true (T) or false (F)