Over the past five years, the population growth rate in Kabir’s country has been rising rapidly. How is this most likely impacting the country’s capital stock?
a. Capital stock per worker is increasing.
b. Capital stock per worker is fluctuating rapidly.
c. Capital stock per worker is declining.
d. The population growth rate is not affecting the country’s capital stock.
c. Capital stock per worker is declining.
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International trade based on external scale economies in both countries is likely to be carried out by
A) a relatively large number of price competing firms. B) a relatively small number of price competing firms. C) a relatively small number of imperfect competitors. D) monopolists in each country. E) a large number of oligopolists in each country.
If the U.S. imposed an import quota on sugar, then in the U.S
a. exports and imports would rise. b. exports and imports would fall. c. exports would rise and imports would fall. d. exports would fall and imports would rise.