Now that the world is technologically advanced, nations no longer try to protect infant industries
Indicate whether the statement is true or false
F
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Which statement is true?
A. Most firms in the United States are oligopolies. B. Oligopoly is illegal in the United States. C. Product differentiation is the most important characteristic of oligopoly. D. Big business or industry in the United States typically refers to oligopolies.
To compare the change in physical production (GDP) between 2012 and 2018, we should compare ________ GDP in 2012 with ________ GDP in 2018.
A. current dollar; current dollar B. real; nominal C. real; real D. nominal; nominal
Recall the Application about the factors involved in causing recessions, and the causes of recessions in the United States from 1893 to 1990 to answer the following question(s).According to this Application, the recessions in 1973 and 1979 were caused by:
A. supply shocks. B. deflation. C. foreign monetary developments. D. arbitrage losses in the foreign exchange market.
The quantity of imports will increase when there is
A) a reduction in the real exchange rate. B) an increase in domestic output. C) an increase in foreign output. D) all of the above E) none of the above