As the case study in the text illustrates, individual firms in the potato industry have a great deal of market power

One economic truism is that any nation's restriction of imports will ultimately lead to

A) an increase in exports. B) a reduction in exports. C) an economic upswing. D) an increase in GDP.

India's rapid growth can be explained by

A) reduced regulations and market-based reforms. B) investment in human capital from 1947 through 2017. C) the movement of workers from the agricultural sector to the manufacturing sector. D) an increase in labor force participation.