Technological advances in recycling make it possible to produce a greater quantity of paper from a given quantity of recycled newspapers. Predict the likely impact on the supply curve for paper.
a. There is a movement down along the supply curve.
b. There is a movement up along the supply curve.
c. The supply curve shifts to the left

The DeBeers Company of South Africa was able to block competition through

A) ownership of an essential input. B) differentiating its product. C) government-imposed barriers. D) economies of scale.

Which of the following is FALSE about issues/negotiations in the Doha Development agenda?

A) It is intended to deal with economic development issues and trade barriers facing developing countries that were not adequately addressed in the Uruguay Round. B) Many developing countries are upset with the levels of tariffs and other barriers that industrialized countries use to protect agriculture, clothing and textiles. C) Industrialized countries want developing countries to reduce their tariffs, which on average are higher than the rates of richer countries. D) Developing countries don't use tariffs, and they want higher income countries to follow their model.