Economists studying the impact of direct pegs on trade found that direct pegs:
A) increased levels of trade by 21%.
B) increased levels of trade by 44%.
C) increased levels of trade by 58%.
D) had no effect on trade levels.
Ans: A) increased levels of trade by 21%.
Economics
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A steel mill raises the price of steel by 20%, which results in a 7% reduction in the quantity of steel demanded. The demand curve facing this firm is: a. elastic
b. inelastic. c. unit elastic. d. unit inelastic.
Economics
In the Keynesian economic model, _____________ aggregate demand brings unemployment and too much brings inflation.
a. too much b. stable c. too little d. dynamic
Economics