Suppose that the price level in Country A increase relative to the price level in other countries. In which of the following ways are Country A's imports and exports most likely to change?

Regulation Q put a ceiling on

A) bank loan rates. B) loan rates at all depository institutions. C) deposit rates. D) the proportion of a savings-and-loan's assets made up of loans other than mortgages.

Economists define a market to be competitive when the firms

A) spend large amounts of money on advertising to lure customers away from the competition. B) watch each other's behavior closely. C) are price takers. D) All of the above.