The rate at which two countries trade one good for another
a. is known as the foreign exchange rate
b. is known as the terms of trade
c. is known as the export line
d. equals the slope of the import line
e. equals the common slope of the countries' production possibilities frontiers
B
Economics
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With perfect price discrimination, the quantity of output produced by a monopoly is ________ the quantity produced by a perfectly competitive industry
A) greater than but not equal to B) less than C) equal to but not greater than D) not comparable to E) either greater than or equal to
Economics
Do any of the fundamental factors depend on the rate of inflation?
A. Yes, but only in the long run. B. Yes, both in the short and long run. C. No, not even in the short run. D. No, at least not in the long run.
Economics