The “universal service” argument often requires that some products be sold at a loss while other products be sold at profits higher than normal.
Answer the following statement true (T) or false (F)
True
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In a business cycle expansion, the ________ of bonds increases and the ________ curve shifts to the ________ as business investments are expected to be more profitable
A) supply; supply; right B) supply; supply; left C) demand; demand; right D) demand; demand; left
Define net capital outflow
Most unemployed low-skilled workers are ______.
a. between QD and QS
b. to the left of QD
c. to the right of QS
d. between 0 and QS
Suppose Panama produces only two goods, bananas and hats. If Panama has a comparative advantage in bananas, a move toward free trade will:
A. harm hat workers, benefit banana workers, but benefit the nation as a whole. B. harm hat workers, harm banana workers, but benefit the nation as a whole. C. benefit hat workers, harm banana workers, but harm the nation as a whole. D. benefit hat workers, harm banana workers, but benefit the nation as a whole.