Over time, the terms of trade of Latin American countries have generally ________, and the terms of trade of developed countries have generally ________
A) worsened; worsened
B) worsened; improved
C) improved; worsened
D) improved; improved
B
You might also like to view...
When demand increases, the equilibrium price ________ and the equilibrium quantity ________
A) rises; decreases B) falls; decreases C) rises; increases D) falls; increases
The primary legislative branch of the European Union is called the
A) European Commission. B) European Parliament. C) European Court of Justice. D) European Council of Ministers. E) Council of the European Union.
Economists argue that rent control is a highly efficient way to help the poor raise their standard of living
a. True b. False Indicate whether the statement is true or false
A perfectly competitive industry is in long-run equilibrium. If demand for the product increases, we can expect:
A. firms to enter the market. B. firms to exit the market. C. no change in the number of firms in the market. D. There is not enough information to tell what will happen to the number of firms in the market.