The present value of a promise to pay $100 one year from now would be greater if the interest rate were higher
a. True
b. False
B
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Deadweight loss occurs when
A) consumer surplus is greater than producer surplus. B) surplus losses to one group due to intervention are not offset by surplus gains to another. C) consumer surplus is reduced. D) consumer surplus is negative.
By differentiating their products and promoting brand name loyalty, monopolistically competitive firms can raise prices without losing all their customers
a. True b. False Indicate whether the statement is true or false
A clear conclusion from offshoring debates and analyses is that:
a. If offshoring isn't stopped, some nations are likely to go bankrupt. b. Offshoring should be evaluated on a net basis, which means by the difference between the effects of onshoring and offshoring. c. Tariffs and quotas are an ideal means of protecting nations from offshoring's ill effects. d. offshoring always decreases GDP in the nation from which it takes place. e. All of the above are clear conclusions from these debates and analyses.
Employment can rise in one region of the country while it falls in another
a. True b. False Indicate whether the statement is true or false