When the British import more American goods, this event:
A. Increases the supply of American dollars
B. Increases the demand for British pounds
C. Decreases the supply of American dollars
D. Increases the supply of British pounds
D. Increases the supply of British pounds
Economics
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If a firm has constant returns to scale, then doubling all of its inputs will just double its output
a. True b. False Indicate whether the statement is true or false
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If demand is more elastic, the portion of an excise tax borne by a buyer will
a. increase. b. decrease. c. be unchanged. d. increase for normal goods, decrease for inferior goods.
Economics