Suppose the price level in the United States falls while price levels elsewhere in the world remain unchanged. Our demand for imports would rise and our demand for domestic goods would fall

To obtain GDP from a national income base,

a. add indirect business taxes and Social Security taxes b. add capital depreciation and Social Security taxes c. add indirect business taxes and personal taxes d. subtract indirect business taxes and capital depreciation e. add indirect business taxes and capital depreciation

Monopolists are price takers

a. True b. False Indicate whether the statement is true or false