Based on Table 3.1, trade between the United States and Mexico will occur as long as the relative price of shoes is between
A) three computers and one computer.
B) three computers and two computers.
C) one-half computer and one-third computer.
D) six computers and three computers.
E) None of the above.
C
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What are the five main determinants of consumption spending? Which of these is the most important?
What will be an ideal response?
Sharecropping:
a. allowed tenant farmers and land owners to share the risks and benefits of farming. b. gave freed slaves more control over their workday. c. relied on contracts that were usually renegotiated annually. d. created little incentive for long-term investments in improvement of farm land. e. All of the above.
A rightward shift in the money supply curve is likely to produce a rightward shift in the aggregate demand curve
a. True b. False Indicate whether the statement is true or false
The intersection of a firm's marginal revenue and marginal cost curves determines the level of output at which
a. total revenue is equal to variable cost. b. total revenue is equal to fixed cost. c. total revenue is equal to total cost. d. profit is maximized.