Suppliers will provide more of a good when
A) the market price increases.
B) the good is a normal good.
C) resource prices increase.
D) there is a decrease in demand.
Answer: A
Economics
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The above table gives data for a hypothetical nation. Gross domestic product is
A) $4,049 billion. B) $4,079 billion. C) $4,054 billion. D) $4,339 billion.
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Free trade and globalization is generally believed
A) to cause a degradation in the world's environment. B) to improve the environment by correcting for distortions caused by import competing policies. C) to help spread the best of each country's culture, so as to uplift global cultural standards. D) to help each country safeguard the best of its own culture. E) to make no difference in the economic welfare of the world.
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