China has a trade deficit in services, while India has a trade surplus in services

Indicate whether the statement is true or false


TRUE

Economics

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Refer to Figure 15-7. Suppose the economy is in a recession and no policy is pursued. Using the static AD-AS model in the figure above, this situation would be depicted as a movement from

A) C to D. B) A to B. C) C to B. D) A to E. E) B to A.

Economics

Which of the following pricing strategies allows a firm to earn economic profit?

A) charging a price equal to the average variable cost of production B) charging a price equal to marginal cost C) price discrimination D) charging a price equal to the average total cost of production

Economics

A person with AIDS has a guaranteed right to apply for health insurance and receive coverage at the same rate as a healthy person. What is the likely result for the insurance company?

a. Rational ignorance b. The principle-agent problem c. The substitution effect d. Externalities e. Adverse selection

Economics

Under perfect competition, the individual firm's economic profit is Figure 42.2 

A. zero. B. the larger of the dashed-line boxes. C. between the size of the two dashed-line boxes. D. the smaller of the dashed-line boxes.

Economics