Rent seeking is one reason why countries choose to
A) restrict trade.
B) export and import the same goods.
C) work for freer trade.
D) follow the theory of comparative advantage.
A
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Suppose that a perfectly competitive industry is in long-run equilibrium, and demand increases. Explain the short- and long-run effects on the firm and the industry
What will be an ideal response?
Welfare mothers' desires for their children are quite high, but their expectations are much lower
Indicate whether the statement is true or false
Which of the following is illustrated by the distance between the aggregate expenditure line and the 45-degree line at each level of real GDP?
a. The level of saving in an economy b. Unplanned inventory change c. Planned investment undertaken in an economy d. The marginal propensity to save e. The marginal propensity to consume
In the late 1990s, Thailand, Malaysia, and Indonesia all experienced sharp declines in the value of their currencies; this resulted in economic instability and crisis. The collapse in the values of their currencies undermined their development by:
A. decreasing political instability. B. decreasing population growth. C. increasing corruption. D. reducing investment.