Macroeconomics

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Suppose France can produce 9,000 potatoes or 3,000 lemons per day, and that Italy can produce 3,000 ... Started by Haya94	1 Replies 26 Views	Jun 30, 2018 by Galvarado142
An individual firm has little incentive to voluntarily internalize any external costs it was ... Started by fasfsadfdsfa	1 Replies 123 Views	Jun 30, 2018 by Pariscourtney
The Dutch Disease had occurred in Netherlands because: a. the Netherlands government had borrowed ... Started by haleyc112	3 Replies 145 Views	Jun 30, 2018 by fraziera112
Education ____ create external benefits; it ______ provide a valuable signally function. a. Does; ... Started by lilldybug07	1 Replies 47 Views	Jun 30, 2018 by ebe
If the world price of steel is greater than the U.S. no-trade domestic equilibrium price of steel, ... Started by maegan_martin	1 Replies 69 Views	Jun 30, 2018 by mirabriestensky
In a competitive economy with no government sector: a. goods with spillover benefits will not be ... Started by leo leo	1 Replies 34 Views	Jun 30, 2018 by gcook
Alpha can produce either 18 tons of oranges or 9 tons of apples in a year, while Omega can produce ... Started by cartlidgeashley	1 Replies 63 Views	Jun 30, 2018 by alexanderhamilton
The import demand curve shows the amount of the home country's: a. surplus at various prices below ... Started by Diane	1 Replies 27 Views	Jun 30, 2018 by Galvarado142
If the government required car makers to install more costly and effective emission control devices ... Started by jilianpiloj	1 Replies 42 Views	Jun 30, 2018 by SAUXC
The international equilibrium price is the point at which: a. the domestic supply curve of one ... Started by karen	1 Replies 33 Views	Jun 30, 2018 by livaneabi
Without government intervention, society is likely to get too little production of: i. private goods ... Started by Caiter2013	3 Replies 35 Views	Jun 30, 2018 by Swizqar
Karl can produce either 10 tons of oranges or 5 tons of apples in a year, while Adam can produce ... Started by mmm	1 Replies 54 Views	Jun 30, 2018 by Sarahjh
Differences in the productivity of labor account for comparative advantage if: a. the minimum wage ... Started by Cooldude101	1 Replies 48 Views	Jun 30, 2018 by paavo
Assume that the U.S. can produce either 10 million cell phones or 20 million picture frames and that ... Started by rosent76	1 Replies 74 Views	Jun 30, 2018 by ebe
According to the Heckscher-Ohlin model: a. a relatively labor scarce country produces labor ... Started by a0266361136	1 Replies 60 Views	Jun 30, 2018 by Animal_Goddess
The original comparative advantage model that used the relative abundance of factors of production ... Started by SO00	1 Replies 27 Views	Jun 30, 2018 by verrinzo
The market system fails to provide the efficient output of public goods because: a. people place no ... Started by jazziefee	1 Replies 38 Views	Jun 30, 2018 by braelync
The infant industry argument for protectionism suggest that an industry must be protected in the ... Started by drink	1 Replies 79 Views	Jun 30, 2018 by Liddy
Which of the following statements in the context of U.S. exports is true? a. The U.S. exports ... Started by xroflmao	3 Replies 46 Views	Jun 30, 2018 by yasmina
Public goods: a. Can be both produced and financed by the private sector. b. Can be both produced ... Started by soccerdreamer_17	1 Replies 71 Views	Jun 30, 2018 by kbennett34
The product life cycle theory predicts that comparative advantage shifts away from the country of ... Started by cdr_15	1 Replies 45 Views	Jun 30, 2018 by Hdosisshsbshs
The determination of which goods are public goods depends on: a. public laws. b. normative ... Started by savannahhooper	1 Replies 66 Views	Jun 30, 2018 by SeanoH09
Introducing a tariff on vitamin E would: a. reduce imports of vitamin E. b. increase U.S. ... Started by CORALGRILL2014	1 Replies 27 Views	Jun 30, 2018 by paavo
Which of the following looks at the demand side of the market to explain some of the observed ... Started by APUS57	1 Replies 27 Views	Jun 30, 2018 by carojassy25
The fact that the United States exports Budweiser beer and imports Heineken beer can be explained ... Started by bio_gurl	1 Replies 61 Views	Jun 30, 2018 by lindahyatt42