Trade only occurs if there are only winners, and no losers, as a result of the trade
Indicate whether the statement is true or false
FALSE
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A matrix is a network of unrelated companies trying to jointly capture economies of scale
Indicate whether the statement is true or false
The arrival of _______ goods creates problems with respect to the accuracy of measuring inflation and how the cost of living has changed over time.
a. refurbished b. substitute c. new d. damaged
If the interest rates suddenly increase, it could cause a shift in the economy from the prosperity phase to the downturn phase in
a. the innovation cycle b. the war-induced cycle c. the housing cycle d. the real business cycle e. internal cycles
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher