The HeckscherOhlin model of international trade uses _____ and ______ to explain trade patterns.
a. comparative; absolute advantage
b. factor abundance; factor intensity
c. factor availability; factor usability
d. tariffs; quotas
Ans: b. factor abundance; factor intensity
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The price/earnings (PE) ratio of a stock is found by
a. dividing the most recent year's dividend by the current stock price b. dividing the current stock price by the after-tax profit per share c. dividing the most recent year's dividend by retained earnings d. dividing the current stock price by the Dow Jones Industrial Average e. dividing the current stock price by the present value of the firm
What is the difference between a necessity and a luxury?
What will be an ideal response?
In short-run equilibrium, a competitive firm cannot earn economic profits.
Answer the following statement true (T) or false (F)
In the above figure, a movement from point B to point C could be explained by
A. the real-balance effect. B. increased government spending. C. an increase in the price level. D. a decrease in the quantity of money in circulation.