Which of the following conclusions is not supported by the Three-Sector-Model?
a. A higher GDP Price Index in a nation increases the ability and willingness of domestic businesses to supply goods and services, but it decreases consumers' willingness and ability to buy them.
b. An increase in the supply of a nation's currency in the foreign exchange market lowers its international value.
c. An increase in nation's demand for goods and services within the Keynesian range is often accompanied by a strong rise in the consumer price index.
d. A decrease in nation's demand for goods and services within the Intermediate range usually leads to higher employment.
.C
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Globalization of resource markets has resulted in the business practice of offshoring, which involves:
A. Only an outflow of jobs away from the U.S. B. No possible expansion of jobs in the U.S. C. Huge losses to consumers in the U.S. D. Both an outflow as well as an inflow of jobs in the U.S.
Patents:
A. reduce the positive externalities associated with new technologies. B. eliminate the positive externalities associated with new technologies. C. do not affect the positive externalities associated with new technologies. D. increase the positive externalities associated with new technologies.