During a recession, a rising unemployment rate is
a. rare
b. stimulating higher levels of inflation
c. predicted by the classical model
d. the basis for a new economics expansion
e. almost inevitable
E
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"The Florida freeze has destroyed 40% of the orange cro
A) Yes. The freeze would not reduce the supply. B) Yes. The higher price would not reduce the demand. C) Yes. It assumes the demand curve for oranges is vertical. D) Yes. It assumes the demand curve for oranges is upward-sloping.
As long as ________ and ________ are low enough, foreign direct investment can be used to reduce total costs by locating different stages of overall production in different countries.
A. trade barriers; domestic demand B. transport costs; trade barriers C. domestic taxes; foreign demand D. foreign demand; transport costs