If variable X rises as a result of variable Y falling, then X and Y have an inverse relationship
Indicate whether the statement is true or false
True
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Why might infant industry protection of the Chinese automobile industry be considered successful?
a. Many foreign auto producers established operations in China behind the high infant industry tariff protection. b. The tariff rate on Chinese imports of automobiles fell from 260% in the early 1980s to about 25% today. c. Chinese demand for automobiles increased dramatically in the past 20 years. d. China has become the world's second largest consumer of autos.
What would be the value of an option on a stock that sells at a fixed price with a standard deviation of zero? Explain.
What will be an ideal response?
If the price of inputs increases, the
A. supply curve will shift to the left. B. supply curve will shift to the right C. demand curve will shift to the left. D. demand curve will shift to the right.
The marginal utility per dollar you are spending on iTunes music downloads is less than the marginal utility per dollar you are spending on Red Bull. According to the rule of equal marginal utility per dollar? spent, what can you do to increase your total utility from consumption of music downloads and Red? Bull?