China has few state-owned enterprises left in its economy
Indicate whether the statement is true or false
FALSE
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Starting from a situation where country A which exports good S and imports good T has a larger trade triangle than country B, explain how the process of reciprocal demand leads to international trade equilibrium
What will be an ideal response?
If a monopolistically competitive firm is producing an output level where its marginal cost is equal to its marginal revenue but it still earns a loss, then it should always shut down in the short run.
Answer the following statement true (T) or false (F)
Real GDP per person in the United States was $9864 in 1950. Over the next 48 years, it grew at a compound annual rate of 2.0%. If, however, real GDP per person had grown at an average compound annual rate of 2.5%, then real GDP per capita in the United States in 1998 would have been approximately ______ larger.
A. $3420 B. $6750 C. $9900 D. $25 500
Which of the following stock market decreases is best explained by the notion of a bubble collapsing?
A. The early-1982 drop in the DJIA B. The U.S. stock market's drop in late-2008 C. The decade of the 1970s D. The Japanese stock market in late-1990