Capital flight raises a country's real exchange rate
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to the figure above. What is the producer surplus when the price is $70?
A) $800 B) $1,600 C) $2,000 D) $2,800
In the IO perspective it is important to enter an industry with
a. High barriers to entry b. Differentiated products c. Small number of competing firms of different sizes d. All of the above
If a firm's product becomes a commodity
A) the firm gains market power. B) the firm's strategy has apparently paid off. C) the firm has become a monopoly. D) the firm looses market power.
Relative to a closed economy, if Utopia opened itself to trade, domestic tile producers would
A. produce the same amount of tile. B. produce 150 fewer cases of tile. C. produce 100 fewer cases of tile. D. produce 150 more cases of tile.