In general, one of the results of free trade is that the owners of domestically:
A. scarce factors of production lose due to increased competition.
B. abundant factors of production lose from increased demand.
C. scarce factors of production win due to increased consumers.
D. abundant factors of production win from decreased demand.
A. scarce factors of production lose due to increased competition.
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What are the "deep" factors that change exchange rate expectations?
What will be an ideal response?
All of the following would shift the LRAS curve to the right EXCEPT
A) an increase in the size of the labor force. B) a net inflow of human capital. C) an increase in the overall price level. D) an improvement in technology.
Risk-averse individuals will diversify their investments because this will:
a. increase their expected returns. b. provide them with some much-needed variety. c. reduce the variability of their returns. d. reduce their transaction costs.
Which of the following cases represent the smallest increase in the real national debt?
a. The price level increases by 200 percent and the nominal debt increases by 200 percent. b. The price level increases by 200 percent and the nominal debt increases by 100 percent. c. The price level increases by 200 percent and the nominal debt increases by 500 percent. d. The price level increases by 100 percent and the nominal debt increases by 300 percent. e. None of the above