One economic truism is that any nation's restriction of imports will ultimately lead to
A) an increase in exports.
B) a reduction in exports.
C) an economic upswing.
D) an increase in GDP.
Answer: B
Economics
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The opposite of the bandwagon effect is:
A. a network externality, positive or negative. B. a positive network externality. C. the substitution effect. D. the snob effect.
Economics
A cartel's marginal cost curve is the
a. highest of all the individual firms' marginal cost curves b. lowest of all the individual firms' marginal cost curves c. horizontal sum of all the individual firms' marginal cost curves d. average of all the individual firms' marginal cost curves e. product of all the individual firms' marginal cost curves
Economics