Answer:
False
Explanation:
Whenever, there will be reduced production costs, due to any reason in the economy, then the goods will be cheaper and accordingly the sale will be in abundance assuming other factors remain constant.
Thus, due to subsidies the cost to producers will be less and then exporters will not be able to get more share as domestic goods will cost cheaper.
Thus, there will not be any gain to foreign competitors in our domestic markets, as they will not get any share extra rather they will loose as a foreign competitor. In fact goods which are exported will also cost low, and therefore, will gain new customers.
Therefore, above stated statement is false.
On the far right side of the AS curve, the economy is producing above potential, and on the far left of the curve, it is producing below potential.
<h3>What is AS curve?</h3>
It should be noted that the AS curve simply means the aggregate supply curve and it's the quantity of real GDP that's supplier by the economy.
In this case, on the far right side of the AS curve, the economy is producing above potential, and on the far left of the curve, it is producing below potential.
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Answer: The price of hamburgers
Explanation: Shift in demand curve refers to the situation when there is an increase or decrease in demand for a commodity, due to the factors other than change in price of that commodity. These factors include change in price of related goods, change in consumer preference or income etc.
Thus, from the above we can conclude that the right answer is price of hamburgers.
Answer:
The correct answer is option a.
Explanation:
The purchasing power parity theory states that the exchange rate between the currency of the two countries is determined through the relative value of a basket of goods.
The exchange rate will be in equilibrium when the purchasing power in both the countries will be the same, or the price of the basket of goods is the same in both the countries.
The price of soccer balls in the US is $30.
The price of soccer balls in Mexico is $450 pesos.
The exchange rate should be
= 
= 15
This means that each dollar is equal to 15 pesos.
Market dominance is a measure of the strength of a brand, product, service or firm, relative to competitive offerings. In defining market dominance, you must see what extent a product, brand, or firm, controls a product category in a given geographic area.
