What is typically used for cross country comparisons of GDP?

a. purchasing power parity (PPP)
b. exchange rate
c. GDP per capita
d. GDP

a. purchasing power parity (PPP)

Economics

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The assumption that rival firms will match a firm's price decreases but not its price increases is a basic feature of:

A) model of limit pricing. B) the kinked demand curve model. C) the predatory pricing model. D) cartel theory.

Economics

Suppose that reduced barriers to international financial transactions cause an increase in the economy's supply of capital. Explain, step-by-step, how the economy adjusts to arrive at a new long-run equilibrium

What will be an ideal response?

Economics