Countries having comparative advantages based on land and in various natural resources are most likely to
A. experience rapid accumulation of capital.
B. export products like gold, coffee, or cocoa.
C. export manufactured goods.
D. experience biased growth.
Answer: B
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If the dollar falls from 1.25 euros to 1.00 euro, then the dollar has ________ and the euro has ________
A) depreciated; depreciated B) depreciated; appreciated C) appreciated; appreciated D) shrunk; grown E) appreciated; depreciated
Government can overcome the free rider problem by taxing individuals and then using the tax proceeds to provide the nonexcludable public good itself.
Answer the following statement true (T) or false (F)
Policy that tries to influence target variables by changing the interest rate is called
A) fiscal policy. B) interest rate policy. C) recession policy. D) monetary policy.
The U.S. Constitution established the orderly sale of the western lands
Indicate whether the statement is true or false