Net domestic product is equal to Gross Domestic Product minus

If black markets help people meet their needs, they will tend to ________ created by the restrictive government policies

A) increase the absolute advantage B) reduce the deadweight losses C) reduce the cooperative surpluses D) increase the tax revenues

If a developing country has sufficient reserves, the buying and selling of foreign currency by the central bank is:

A. likely to have a much smaller impact on the exchange rate than in developed countries. B. completely ineffective on the exchange rate. C. likely to have a much greater impact on the exchange rate than in developed countries. D. likely to have roughly the same impact on the exchange rate as in developed countries.