In the table above, Jack's comparative advantage is producing ________ and Jill's comparative advantage is producing ________
A) clothing; food
B) clothing and food; nothing
C) nothing; clothing and food
D) food; clothing
E) clothing; clothing
A
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A prediction of the Ricardo-Barro effect is
A) a larger decrease in the real interest rate when the government runs a budget surplus. B) no effect on the real interest rate when the government runs a budget deficit. C) a larger decrease in investment when the government runs a budget deficit. D) a larger increase in the real interest rate when the government runs a budget deficit. E) a larger decrease in investment when the government runs a budget surplus.
How does one determine whether demand is elastic, inelastic, or unit elastic?
What will be an ideal response?
Today, central banks __________ intervene to influence floating exchange rates
A) never B) seldom C) frequently D) are required
the multiplier effect
What will be an ideal response?