The differences in the ratios of exports to GDP across countries are believed to be caused primarily by
A) trade barriers.
B) each country's size.
C) geography.
D) all of the above
E) both B and C
E
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Which of the following lists has variables that all shift a good's demand curve?
A) price of the good, preferences, prices of substitution goods, income B) income, preferences, number of buyers, price of complementary good C) expectation of future price, price of the good, number of buyers, income D) Both answers A and B are correct.
At the point where a firm incurs diminishing marginal returns, total product will begin to decline
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. The recycling rate in the United States is higher than that of any other nation in the world. 2. According to the textbook application, the Duales System Deutschland AG (DSD) was formed in response to requirements of Germany’s Packaging Ordinance of 1991. 3. EPA’s integrated waste management system promotes techniques and programs aimed at recycling, source reduction, combustion, and land disposal, in that order. 4. MSW markets achieve efficiency at the point where MPC = MPB as long as there are no externalities. 5. If MSW services are priced in a way that is independent of the quantity of waste generated, that pricing system is called fixed fee or flat fee.
The current account measures ________.
A. the value of goods and services traded between countries B. the payments for non-produced assets C. the flow of assets like bank deposits, stocks and bonds D. the value of income produced in the economy