In the long run, if imports increase, then exports
A) will not change.
B) will decrease.
C) will also increase.
D) will become zero.
Answer: C
Economics
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Suppose Russia's inflation rate is 200% over one year but the inflation rate in Switzerland is only 2%. According to relative PPP, what should happen over the year to the Swiss franc's exchange rate against the Russian ruble?
What will be an ideal response?
Economics
The profit-maximizing firm should continue hiring additional labor as long as: a. MRC < MRP
b. MRC > MRP. c. MRC = MRP. d. the MP of labor > 0.
Economics