Which of the following is far more likely to be an important part of actual production in the Sudan than it is in the United States?
A. Government deficit spending
B. Non-market transactions
C. Underestimating saving
D. All of the options are correct
Answer: B
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When financial markets are __________, leverage ______________; when they are _______, leverage ____________.
A. booming; multiplies the gains; crashing; magnifies the losses B. booming; magnifies the losses; crashing; multiplies the gains C. crashing; mitigates the losses; booming; mitigates the gains D. crashing; magnifies the losses; booming; mitigates the gains
Which curve shown below represents the market supply given the following individual supply tables?
PriceS1S2S33060156040702080508025100609030120
A. A B. B C. C D. D
If the residents of a country specialize in a good in which they have a comparative advantage and trade with residents in another nation, the residents in the first country
A) can consume more than they could without trade. B) will produce less than they could without trade. C) will have a lower standard of living. D) will be exploited by the second nation.
If two nations have different per capita income levels and their rates of economic growth are identical, then the absolute per capita income differential:
A. will remain constant. B. may either widen or diminish. C. will diminish. D. will widen.