Much of Southeast Asia has fueled its growth through export-led manufacturing.
Answer the following statement true (T) or false (F)
True
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Barriers to entry ________.
A. are characteristic of pure monopoly B. are typically the result of wrongdoing on the part of a firm C. usually result in perfect competition D. exist in economic theory but not in the real world
Refer to the accompanying figure. Assume demand remains unchanged at D1. If supply shifts from S2 to S1, then the equilibrium price will ________ and the equilibrium quantity will ________.
A. rise; fall B. fall; rise C. fall; fall D. rise; rise
Differentiate between “off-budget” deficit and the “on-budget” deficit.
What will be an ideal response?
Perfect capital mobility implies
A. an FE curve that is horizontal. B. high domestic interest rates relative to foreign interest rates. C. a vertical FE curve. D. an FE curve that is steeper than the LM curve.