A country is moderately outward-oriented if there are relatively high import-substitution restrictions
a. True
b. False
Indicate whether the statement is true or false
False
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The darkened area in the figure above is the
A) deadweight loss. B) firm's economic loss. C) consumer surplus. D) firm's total cost. E) firm's total revenue.
How many Federal Reserve Banks are there?
A) 7 B) 12 C) 15 D) 5500 (approximately)
The rate of production at which marginal revenue equals marginal cost is
A) a point of negative profits for the firm. B) what determines the equilibrium price in the market. C) the firm's shutdown point. D) the point where profits are maximized.
Which of the following could be a direct cause of investment spending increasing?
A. Expected future income decreases. B. Interest rates increase. C. A firms costs unexpectedly drop making their profit margin higher. D. The wealth of consumers increasing causing them to radically increase their purchases.