The international trade effect states that a(n) ________ in the price level will ________ net exports
A) increase; increase B) decrease; decrease C) increase; decrease D) decrease; not affect
C
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What are some of the issues that economists have to worry about when studying developing nations that are very different from those of advanced industrialized nations?
What will be an ideal response?
List the Fed's four main monetary goals
What will be an ideal response?
One of the assumptions underlying the production possibilities curve for any given economy is that:
a. the state of technology changes. b. there is an unlimited supply of resources. c. there is full employment of resources when the economy is on the curve. d. goods can be produced outside the curve.
The investment expenditures made by Macroville's power plant to reduce air polluting emissions result in a decrease in the national economy's net output for the year
Indicate whether the statement is true or false