Refer to Exhibit 2-9. For Alex, the opportunity cost of producing one unit of good A is ____________ unit(s) of good B.
What will be an ideal response?
3.00
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As their respective names imply, monopoly and monopolistic competition are the most similar of the four market structures
Indicate whether the statement is true or false
When net exports are positive,
a. exports are greater than imports b. imports are greater than exports c. imports are greater than investments d. exports are greater than depreciation spending e. exports are greater than net investment
As the price level falls,
a. the exchange rate falls, so net exports fall. b. the exchange rate falls, so net exports rise. c. the exchange rate rises, so net exports fall. d. the exchange rate rises, so net exports rise.
As the interest rate increases
A. Consumption, investment, and net exports increase, and aggregate demand increases B. Consumption increases but investment and net exports decrease; aggregate demand remains unchanged C. Consumption, investment, and net exports decrease; aggregate demand decreases