In Figure 3-6 above, at point J
A) there is unplanned inventory investment.
B) there is unplanned inventory disinvestment.
C) there is no change in inventory levels.
D) intended and unintended inventory investment are equal.
A
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What did the gravity equation predict about trade within the borders of a nation?
a. Trade between states or regions within a nation is much more likely than trade outside the borders. b. Trade between states or regions within a nation is much less likely to occur. c. There was no predictive value for trade within a nation's borders. d. Trade between states or regions within a nation is more subject to national law and regulation and therefore not as predictable.
In monopolistically competitive markets, advertising is an ____ type of non-price competition because it is used to ____ the demand for a firm's products
a. important; increase b. unimportant; increase c. important; decrease d. unimportant; decrease