Which of the following is the best definition of openness?
a. The average of imports expressed as a share of GDP.
b. The average of goods traded in markets expressed as a share of GDP.
c. The average of imports and exports expressed as a share of GDP.
d. The average trade balance expressed as a share of GDP.
e. The average of exports expressed as a share of GDP.
c
Economics
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A monopolist always selects a price on the elastic portion of its demand curve
a. True b. False Indicate whether the statement is true or false
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Job losers typically account for ____ of the unemployed
a. 80 to 90 percent b. 50 to 60 percent c. 30 to 40 percent d. 10 to 20 percent
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