Which of the following would contribute to a positive trade balance for a country?
A) having tourists visit the country
B) importing textiles
C) having foreign residents buy the government bonds of the country
D) importing financial services
A
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Refer to the figure above. If the pre-tax equilibrium price of Good X was $3 and the price that consumers need to pay after the imposition of a per-unit tax of $3 is $5, the tax incidence on consumers is approximately ________
A) 50% B) 2% C) 3% D) 67%
The sign of the elasticity computation is important because the value of the price elasticity can be negative or positive.
Answer the following statement true (T) or false (F)
Why must long-run equilibrium in monopolistic competition occur at the point at which the demand curve is tangent to the average total cost curve?
What will be an ideal response?
Retailers do not find it profitable to engage in promotional activities because
a. They reap the full benefits of the promotion b. They have to share the benefits of the promotion with the manufacturer c. They are unaware of competing retailers' ability to "free ride" on their efforts d. All of the above