By measuring ________ we can see that the economies of Hong Kong and Singapore are catching up to the economies of North America but that the economies of Central and South America are not

A country will import a good only if

a. there is excess domestic quantity supplied at the world price b. domestic quantity supplied is greater than world quantity supplied c. domestic quantity demanded is less than world quantity demanded d. domestic quantity demanded is zero at the world price e. excess quantity demanded is positive at the world price

An economy in which output has decreased and prices have decreased would suggest a:

A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.