Specialization according to comparative advantage followed by free trade makes every economy better off
a. True
b. False
Indicate whether the statement is true or false
True
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Horizontal integration allows firms to do all of the following except
a. take advantage of cost savings due to economies of scale. b. reduce administrative costs. c. create brand identity. d. fully integrate with primary care clinics and acute care nursing facilities.
A rise in net exports shifts the aggregate
a. demand curve inward. b. demand curve outward. c. supply curve outward. d. supply curve inward.
How much would the nominal interest rate be if the real rate of interest were 7 percent and the expected rate of inflation were 4 percent?
What will be an ideal response?
An industry that realizes such large economies of scale in producing its product that ________ production of that good or service is most efficient is called a natural monopoly.
A. government B. single-firm C. multi-firm D. no