Since 1980, _____ has experienced deflation.
a. the U.S
b. France
c. Germany
d. Japan
e. Italy
d
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Suppose a country's net exports equal -$17.7 billion. Which of the following will happen if the volume of imports increases by $7 billion without any change in the volume of exports?
A) The country's net exports will stand at zero. B) The country's net exports will become positive. C) The country's net exports will stand at -$10.7 billion. D) The country's net exports will stand at -$24.7 billion.
According to the graph shown, if the economy were operating under free trade and then imposed a tariff, the overall impact on surplus would be a net:
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
A. gain of IJKL.
B. loss of IJKL.
C. loss of IL.
D. gain of FGHIJKL.
Which of the following is a characteristic of perfect competition?
a. substantial barriers to entry b. homogeneous products c. few sellers d. each firm has significant control over the market
If the death of an owner causes the firm to dissolve, the firm must have been
A) a partnership only. B) a proprietorship only. C) a corporation only. D) either a proprietorship or a partnership.