Hong Kong and Singapore both have relatively

a. high trade barriers and high rates of economic growth.
b. high trade barriers and low rates of economic growth.
c. low trade barriers and high rates of economic growth.
d. low trade barriers and low rates of economic growth.

C

Economics

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Why is it that the industry demand curve slopes downward when the demand curves faced by individual firms in perfectly competitive markets are horizontal?

What will be an ideal response?

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When the United States engaged in quantitative easing from 2008 to 2014, ________ rose sharply

A) bank reserves B) inflation C) the unemployment rate D) the money supply

Economics