Suppose the government mandates the installation of a certain type of pollution abatement equipment for the leather tannery industry

For some firms in the industry, installing this equipment may not be the most cost effective method of reducing pollution.


Indicate whether the statement is true or false

TRUE

Economics

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Other things the same, an increase in foreign prices raises the real exchange rate

a. True b. False Indicate whether the statement is true or false

Economics

If demand increases and supply decreases, the change in the equilibrium price will be ________, and the change in the equilibrium quantity will be ________.

A. uncertain; positive B. positive; uncertain C. positive; negative D. positive; positive

Economics