The value of the price elasticity of supply depends primarily on how quickly firms can acquire inputs to increase quantity supplied when price increases

Reform of a country's trading system, including the reduction or elimination of trade barriers, is an example of

A) an orthodox stabilization plan. B) a heterodox stabilization plan. C) economic populism. D) import substitution industrialization. E) structural reform.

Suppose we have an economy for which G = 300, T = 240, S = 80, I = 45, and imports = 40. Exports must be

A) 25. B) 40. C) 15. D) 65. E) -25.