When a country allows trade and becomes an importer of goods everyone benefits
a. True
b. False
Indicate whether the statement is true or false
False
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________ might cause the borrowing constraint to become non-binding, even though the consumer still cannot borrow
A) An increase in future (expected) income B) An increase in the real interest rate C) A decrease in current income D) A decrease in the real interest rate
Stocks are a
A) form of equity. B) form of debt. C) form of debt and equity. D) just a way for firms to borrow money.
If the price of inputs rises when a nation is in the intermediate range:
a. Real GDP remains the same and average price level falls. b. Real GDP remains the same and average price level rises. c. Real GDP remains the same and average price level remains the same. d. Real GDP falls and average price level rises. e. Real GDP falls and average price level falls.
When an externality is present in a market, and correcting it increases the efficiency of the market, we can conclude it is a:
A. either a negative or a positive externality. B. network externality. C. negative externality. D. positive externality.