When marginal product is negative, the slope of the total product curve must be negative
a. True
b. False
A
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A tax on an imported good is called:
a. an export. b. dumping. c. a quota. d. a tariff. e. free trade.
If a country fixes its exchange rate below the equilibrium value,
a. the central bank must buy its own b. there will be downward pressure on the exchange rate c. its currency will appreciate d. the result is an excess demand for that country's currency e. its currency will depreciate
The market for ice cream is a
a. monopolistic market. b. highly competitive market. c. highly organized market. d. Both b and c are correct.
Refer to the information provided in Table 20.2 below to answer the question(s) that follow.
Table 20.2
Refer to Table 20.2. The most that Thailand will be willing to pay for a tractor is
A. 5 motorcycles. B. 10 motorcycles. C. 15 motorcycles. D. 20 motorcycles.