When the Japanese imposed a voluntary export restraint (VER) on automobile exports in the 1980s, the environmental conditions in the United States improved.
Answer the following statement true (T) or false (F)
False
Economics
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If a $2 billion increase in investment brings about a $5 billion increase in equilibrium expenditure, we know that the multiplier equals
A) 4. B) 3. C) 10. D) 5. E) 2.5.
Economics
Isoquant lines represent ________ whereas isocost lines represent ________
A) technical efficiency; economic efficiency B) economic efficiency; technical efficiency C) economic efficiency; marginal costs D) input tradeoffs; economic tradeoffs
Economics