A main debate between the Classical economists and Keynesian economists was related to:
What will be an ideal response?
government intervention
Economics
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If some sellers exit a competitive market, how will this affect its equilibrium?
What will be an ideal response?
Economics
The old lyric "the best things in life are free"
a. is not true for any goods. b. is even true for some goods that have a price. c. refers to goods provided by nature or the government. d. refers to goods provided by the market.
Economics
A trade surplus occurs when:
A. The dollar value of exports exceeds the dollar value of imports. B. The gains from trade are not fully realized. C. A country does not have a comparative advantage in any goods. D. The cost of goods is so high that imports exceed exports.
Economics
The federal funds rate is the
What will be an ideal response?
Economics