According to J-curve theory, imports initially increase after a country's currency depreciates, but in the long run imports decrease

Indicate whether the statement is true or false

True

Economics

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Which of the following is not true about the composition of GDP in 2014?

A) Imports are greater than exports. B) Business fixed investment is the largest component of investment. C) Purchases made by state and local governments are greater than purchases made by the federal government. D) The majority of consumer spending is on durable goods.

Economics

If the economy is producing at point D, the opportunity cost of shifting resources from consumer goods to gain 6 capital goods is _______ consumer goods.


Economics