The simultaneous import and export of goods in the same industry by a particular country is known as interindustry trade
a. True
b. False
Indicate whether the statement is true or false
False
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In cases of natural monopolies, society would be better off with many firms competing with each other.
Answer the following statement true (T) or false (F)
The Keynesian model provided an explanation for
a. the prolonged unemployment of the 1930s. b. the double-digit inflation rates of the 1970s. c. the high unemployment rates of the 1970s. d. the high inflation rates of the 1930s.
Refer to the accompanying figure. What is total consumer surplus at the market equilibrium?
A. $80 per day B. $160 per day C. $6 per day D. $240 per day
A productivity improvement will cause
A. a downward shift in the saving-per-worker curve and a decrease in the capital-labor ratio. B. a leftward movement along the saving-per-worker curve and a decrease in the capital-labor ratio. C. a rightward movement along the saving-per-worker curve and an increase in the capital-labor ratio. D. an upward shift in the saving-per-worker curve and an increase in the capital-labor ratio.