Figure 34-9
?
In Figure 34-9, Pestoland at price OA
A. is importing MN pasta from Pastaland.
B. is exporting MN pasta to Pastaland.
C. is exporting XY pasta to Pastaland.
D. is exporting OZ pasta to Pastaland.
Answer: B
Economics
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Monopolistic competition is efficient when compared to
A) perfect competition. B) complete product uniformity. C) the short run. D) the long run. E) None of the above answers is correct.
Economics
If tastes for a good decreased and the price of a substitute good increased at the same time, as a result: a. prices would rise
b. prices would fall. c. larger quantities to be exchanged. d. we would not know which direction either prices or quantities exchanged would be altered without more information.
Economics