Quotas increase the profits of importers but decrease the profits of exporters
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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According to Classical economists in the 1930s, a recession will end when:
A. government creates enough jobs for all of the unemployed. B. wages fall enough to eliminate unemployment. C. wages rise enough to eliminate unemployment. D. taxes are cut enough to stimulate private spending.
Economics
Suppose that the price elasticity of supply is 1.25 and the quantity supplied increases by 10%. Other things being equal, the percentage change in the price should be:
A. a 0.8% increase in the price. B. an 8% increase in the price. C. a 1.25% increase in the price. D. a 12.5% increase in the price.
Economics