The international trade effect states that
A) an increase in the price level will raise exports.
B) an increase in the price level will lower net exports.
C) an increase in the price level will raise net exports.
D) an increase in the price level will lower imports.
Question 2
Arnold Harberger was the first economist to estimate the loss of economic efficiency due to market power. Since Harberger's findings were published, other researchers have studied this same issue.
How do the results of these researchers compare to Harberger's results?
A) The other researchers reached conclusions similar to Harberger's; namely, the loss of economic efficiency due to market power is about 1 percent of the value of production in the United States.
B) The other researchers reached conclusions different from Harberger's; namely, they found that the loss of economic efficiency due to market power is only about 1 percent of the value of production in the United States, much less than Harberger's estimate.
C) The other researchers reached conclusions different from Harberger's; namely, the loss of economic efficiency due to market power is about 10 percent of the value of production in the United States, significantly greater than Harberger's estimate.
D) The other researchers reached conclusions similar to Harberger's; namely, the loss of economic efficiency due to market power is about 10 percent of the value of production in the United States.
Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo
Renzo Piano Building Workshop, International departures lounge, Kansai International Airport, Osaka, ...
The fuel level must be above 15% and below 85% before the EVAP monitor will run on most vehicles.
The Nile Delta will be strongly affected by a rise in sea level of 50 cm
World Mean Sea-Level Temperatures in July
Prevalence rates of obesity in the United States, 2014