Refer to the scenario above. Which of the following will happen if she keeps the dress for herself?
A) The GDP of her country will increase by $180.
B) The trade deficit of her country will decrease.
C) The GDP of her country will remain unchanged.
D) The trade surplus of her country will decrease.
C
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If the marginal propensity to consume (MPC) is 0.75, and if policy makers wish to increase real GDP by $300 million, then by how much would they have to change taxes?
a. -$300 million. b. -$200 million. c. -$100 million. d. -$50 million.
A usury rate is like a price ceiling
a. True b. False Indicate whether the statement is true or false
Larger economic benefits from a currency union occur when:
A) there is intense competition between the economies. B) market integration is large, yielding efficiency benefits. C) the central bank acts independently. D) the currency is pegged to the U.S. dollar.
Which of the following is not a regulatory option when the government is trying to prevent market failure in the case of a natural monopoly?
A. Output regulation. B. Cost regulation. C. Price regulation. D. Profit regulation.