Based on the data in the tables below, you can conclude that:
Two nations, ECON and OMICS, each produce goods A and B. The table gives points on each nation's production possibilities curve.
A. OMICS has a comparative advantage in the production of good A
B. ECON has a comparative advantage in the production of good A
C. ECON has a comparative advantage in the production of good B
D. Neither ECON nor OMICS has a comparative advantage
B. ECON has a comparative advantage in the production of good A
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Keynes felt that the economic effects of business confidence, for example a loss confidence shifting the ________ curve to the left, were of ________ importance
A) IS, major B) IS, minor C) LM, major D) LM, minor
Other things the same, a fall in an economy's overall level of prices tends to
a. raise both the quantity demanded and supplied of goods and services. b. raise the quantity demanded of goods and services, but lower the quantity supplied. c. lower the quantity demanded of goods and services, but raise the quantity supplied. d. lower both the quantity demanded and the quantity supplied of goods and services.
What proportion of the federal spending is available for discretionary spending?
A. 9 percent. B. 14 percent. C. 23 percent. D. 46 percent.
When the price of a bond decreases, all else equal, the bond demand curve
A) shifts right. B) shifts left. C) does not shift. D) inverts.