Other things constant, countries that invest more will grow
What will be an ideal response?
more rapidly.
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Suppose the country of Dingo experienced an economic trough in January 2011. We can conclude that
A) real GDP in Dingo was increasing in January 2011. B) an expansion occurred after January 2011. C) Dingo did not experience a recession in 2010. D) Dingo's potential GDP fell in 2011.
Refer to Figure 16-3. Suppose Chantal practices price discrimination. Which of the following statements is true?
A) By charging different prices in markets A and B, Chantal can transfer some producer surplus into economic profit. B) Chantal's profits will be higher if she has uniform pricing instead of different prices for different groups of customers. C) By charging a higher price in market B, Chantal has transferred some of the consumer surplus from customers in market B to customers in market A. D) By charging a higher price in market B, Chantal can convert some consumer surplus into economic profit.