An increase in the cost of chicken feed will reduce the supply of eggs
a. True
b. False
Indicate whether the statement is true or false
True
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In the foreign exchange market, an increase in the U.S. interest rate leads to ________ in the exchange rate because the supply of dollars ________
A) a fall; decreases B) a rise; increases C) a rise; decreases D) no change; does not change E) a fall; increases
Ascertaining whether or not a regressor is strictly exogenous or exogenous ultimately requires all of the following with the exception of
A) economic theory. B) institutional knowledge. C) expert judgment. D) use of HAC standard errors.
A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the following concepts cannot be illustrated by this model?
a. the flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing b. the tradeoff between production of jewelry and production of clothing c. the opportunity cost of clothing in terms of jewelry d. the effect of economic growth on production possibilities involving jewelry and clothing
Refer to the information provided in Figure 20.1 below to answer the question(s) that follow.
Figure 20.1Refer to Figure 20.1. Which of the following statements is true?
A. Only the United States should produce alfalfa. B. Only Canada can benefit from trade. C. Both countries should produce both products. D. Only Canada should produce alfalfa.