The proportion of domestic demand for a good that is satisfied by domestic production relative to that supplied by imports is determined by:
a. the interplay of domestic demand and supply curves and the domestic equilibrium price of the good.
b. the interplay of demand and supply curves in the international market and the international equilibrium price of a good.
c. domestic supply and demand curves and the international equilibrium price of a good.
d. the different trade restrictions like tariffs and quotas created by the domestic government.
e. the interplay of demand and supply curves in the international market and the domestic price of the good
c
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Altruism reflects a human motivation that often underlies mutual assistance programs
a. true b. false
In a Malthusian world, what would improve the standard of living temporarily?
A) a war B) a new virus C) birth control D) democracy
Individuals who live in public housing _____
a. live in better housing than if public housing was not available b. are better off than they would be absent public housing c. forfeit their eligibility for the EITC d. are automatically enrolled in the TANF program
In the macroeconomic model of aggregate supply and aggregate demand:
A. quantity represents GDP. B. price is calculated as a weighted average of the prices of all goods and services. C. price is the overall price level. D. All of these are true.