When a nation begins to import a good,
a. the domestic price of that good will fall
b. domestic consumers are harmed
c. the domestic price of that good will rise
d. domestic producers benefit
e. the quantity produced domestically will rise
A
You might also like to view...
The U.S. economy is experiencing rising output, rising employment, rising incomes and falling unemployment. These conditions best describe a business cycle ________
A) recession B) peak C) trend D) trough E) expansion
Dolly the sheep made headlines in 1997 because she was the first mammal cloned from the cell of another adult mammal. This technique may eventually allow farmers to clone whole herds of healthy animals. a . Explain what effect a successful sheep cloning
program could have on the market for lamb. b. Explain what effect a successful sheep cloning program could have on the markets for beef and chicken, assuming that cattle and chicken cannot be cloned.
The chain weighted system adjusts price weights every 10 years
Indicate whether the statement is true or false
Unemployment benefits tend to be:
A. more generous in Europe, and this leads to fewer and shorter spells of unemployment. B. more generous in Europe, and this leads to more and longer spells of unemployment. C. less generous in Europe, and this leads to more and longer spells of unemployment. D. less generous in Europe, and this leads to fewer and shorter spells of unemployment.