If the international price of oranges is less than the domestic price of oranges in Spain, then Spain will export oranges to other countries

When we look at real GDP since 1970 or so, we see that recessions are evenly spaced over the years.

a. true b. false

Monopolies exist for each of the following reasons, EXCEPT:

a. competitors are legally unable to challenge them. b. they have control over resources with very few good substitutes. c. it is sometimes inefficient to have competition in certain markets. d. it increases both producer and consumer surplus.