Author Question: The net effect of a devaluation on economic growth depends on the mix of capital and labor utilized ... (Read 104 times)

09madisonrousseau09 · **on:** Jun 30, 2018

The net effect of a devaluation on economic growth depends on the mix of capital and labor utilized in the nation's export industries.

Indicate whether the statement is true or false

Question 2

Modeling trade in imperfectly competitive industries is problematic because

A) there is no single generally accepted model of behavior by imperfectly competitive firms.
B) there are no models of imperfectly competitive behavior.
C) it is difficult to find an imperfectly competitive firm in the real world.
D) collusion among imperfectly competitive firms makes usable data rare.
E) there is only a single model of imperfect competition (monopoly) but imperfect competition can take many forms in the real world.