Most of the countries of Africa are considered newly industrializing countries
Indicate whether the statement is true or false
FALSE
You might also like to view...
For a depository institution, reserves are:
a. assets on the balance sheet. b. loans to individuals and businesses. c. borrowings from the central bank. d. liabilities it owes to customers. e. checkable deposits.
The most basic investigative tool of economics is the
a. concept of scarcity. b. mechanism of supply and demand. c. coordination and trade syndrome. d. inflation-unemployment trade-off. e. regulation of business.
Congresswoman Gaga represents a state in which several firms manufacture furniture. She wants to impose tariffs on all imported furniture. Which of the following is the least likely consequence of such tariffs?
a. Domestic furniture buyers will lose consumer surplus, have less variety, and will pay higher prices. b. Domestic furniture producers will gain producer surplus. c. Domestic furniture producers will have a higher rate of technological advance. d. Domestic furniture producers will have more market power.
The figure below depicts the short-run market equilibrium in a perfectly competitive market and the cost curves for a representative firm in that market. Assume that all firms in this market have identical cost curves.
The long-run market equilibrium quantity in this industry is:
A. 500. B. more than 700. C. 700. D. 300.