If Asian economies suffer a serious economic slump, U.S. net exports will
a. increase and AD will shift rightward.
b. increase and AD will shift leftward.
c. decrease and AD will shift leftward.
d. decrease and AD will shift rightward.
C
Economics
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The market for lawn services is perfectly competitive. Larry's Lawn Service cannot increase its total revenue by raising its price because ________
A) Larry's supply of lawn services is perfectly inelastic B) the demand for Larry's services is perfectly inelastic C) Larry's supply of lawn services is inelastic D) the demand for Larry's services is perfectly elastic
Economics
Total GDP is the best way to identify a less-developed country
a. True b. False Indicate whether the statement is true or false
Economics