If a country begins to import more of a commodity, one can normally expect the price of the commodity to
a. remain unchanged in that nation.
b. rise and then fall below where it was originally.
c. rise in that nation.
d. drop in that nation.
d
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If a partnership raised funds by recruiting additional owners to invest in the firm, what would happen to the firm's financial capital?
What will be an ideal response?
Refer to Figure 10-4. What is the marginal rate of substitution for one bar of chocolate between g and h?
A) of a cookie. B) of a cookie. C) 2 cookies. D) 3 cookies.
In calculating GDP, "transfer payments" are
A) included because they are re-valuations of existing wealth. B) excluded because no goods or services were produced in exchange for them. C) included because they are payments for labor services. D) excluded because used goods already counted the year they were produced.
An example of an "investment" financial intermediary is
A) an insurance company. B) a private pension fund. C) a credit union. D) a mutual fund.