The quantity supplied by domestic producers in an importing country must be less than the quantity demanded by its population
a. True
b. False
Indicate whether the statement is true or false
True
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Euro-optimists are convinced that with OCA criteria as guiding principles:
A) Eurozone members will never again be caught in the trap of fiscal irresponsibility. B) the euro will strengthen against other world currencies to the extent that even occasional debt issues will not affect it. C) greater market integration will bring about labor and capital mobility and increased trade that will serve to strengthen the Eurozone. D) the ECB will be able to loosen its stranglehold and provide sufficient liquidity for the Eurozone economies to thrive.
Which of the following is not a condition for perfect competition?
(A) Many buyers and sellers participate in the market. (B) Sellers are able to enter and exit the market freely. (C) Sellers offer a wide variety of products. (D) Buyers and sellers are well informed about products.