Who is likely to be in favor of a country that would be a net-exporter if it moved from autarky to free trade?
A. Domestic producers
B. Domestic consumers
C. Foreign producers
D. Foreign governments.
A. Domestic producers
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According to this Application, clear property rights
A) hinder economic growth in developing nations. B) have no impact on the economic growth of developed nations. C) are important for economic growth in developing and developed nations. D) are important for economic growth in developed nations, but not in developing nations.
Central banks are responsible for:
A. monetary policy but not fiscal policy. B. both monetary policy and fiscal policy. C. fiscal policy but not monetary policy. D. neither monetary policy nor fiscal policy.
Recall the Application about the costs involved in opening a restaurant to answer the following question(s).Recall the Application. Which of the following prevents the restaurant industry from being classified as a monopoly?
A. There are many restaurant chains in the industry. B. There is easy entry. All an entrepreneur needs is to pay the franchise fee and the royalties. C. Restaurants are differentiated based on location and price. D. All of these are reasons why the restaurant industry is not a monopoly.
Refer to the information provided in Table 22.6 below to answer the question(s) that follow.
Table 22.6
Refer to Table 22.6. If 2014 is the base year, the inflation rate between 2014 and 2016 is
A. 40.2%. B. 28.7%. C. 25.1%. D. 17.4%.