Refer to Table 2-9. If the two countries specialize and trade, who should export rice?
A) They should both be exporting rice.
B) There is no basis for trade between the two countries.
C) Thailand
D) Japan
D
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Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
Which of the following is an example of a transfer payment?
a. purchase of a producer good b. purchase of a service c. fixed investment d. farm subsidy
The Federal Reserve Banks buy government securities from commercial banks. As a result, the checkable deposits:
A. of commercial banks are unchanged, but their reserves increase. B. and reserves of commercial banks both decrease. C. of commercial banks are unchanged, but their reserves decrease. D. and reserves of commercial banks are both unchanged.
Refer to the data provided in Table 11.3 below to answer the following question(s). Table 11.3ProjectTotal InvestmentExpected Rate of Return(dollars) (percentage)New computer for sales staff $250,00011Remodel for distribution center$200,000 9On-site day care center $100,000 5Employee fitness center$50,000 4Refer to Table 11.3. If the interest rate is 14%, Blackstar Drone Manufacturing should
A. fund all of the projects. B. fund only the purchase of new computers for its sales staff. C. fund the remodeling of the distribution center and the on-site day care center. D. not fund any of the projects.