Which of the following will always cause an increase in net exports?
A) a reduction in domestic output
B) an increase in the real exchange rate
C) an increase in government spending
D) an increase in investment
E) all of the above
A
Economics
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In a competitive market, is the long-run supply curve typically more elastic than the short-run supply curve, or is it less elastic than the short-run supply curve?
Economics
Answer the following statement(s) true (T) or false (F)
1. A Pigouvian tax is a charge on a good whose production generates a negative externality, such that the charge isequal to the MEC at the competitive output level.
2. In the single-polluter case, a firm faced with an emission charge for pollution implemented as a marginal tax (MT) will abate as long as MAC
Economics