An increase in price expectations shifts the long-run Phillips curve, but not the short-run Phillips curve
a. True
b. False
Indicate whether the statement is true or false
False
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Suppose voter preferences over a public good funded through a proportional income tax are single peaked. If everyone has the same tastes and the public good is a normal good, then ideal points for higher income individuals will lie to the right of ideal points of lower income individuals.
Answer the following statement true (T) or false (F)
The market clearing price of a good is
A) the price at which there is at least some of the good available for everyone. B) the price at which there is no surplus and no shortage. C) the price that consumers prefer. D) the price that producers prefer.
If women are not allowed to own property or inherit wealth but men are, this is an example of comparative advantage.
Answer the following statement true (T) or false (F)
MNEs are attracted to regional trading groups because of their large market sizes and production locations, and because they ________.
A) are good sources for raw materials B) implement trade restrictions C) offer both internal and external tariffs D) have very little competition