All suppliers of economic products must decide__________to offer for sale at various prices
Fill in the blank(s) with the appropriate word(s).
Ans: how much
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Import restriction in advanced economies deny developing economies access to the food market of the advanced economies. The result is ________ price and ________ farm production in the developing economies
A) lower; larger B) lower; smaller C) higher; smaller D) higher; larger E) stable; smaller
A majority of the world's exports are exported to
a. small countries b. less-developed countries c. poor countries d. industrially-developed countries e. the United States
When a tax is placed on the sellers of a product, the
a. size of the market decreases. b. effective price received by sellers decreases, and the price paid by buyers increases. c. supply of the product decreases. d. All of the above are correct.
Market-oriented solutions to externalities rarely work.
A. True B. False C. Uncertain