The terms of trade can take on any value
A. below the seller's opportunity cost and above the buyer's opportunity cost.
B. above the seller's opportunity cost.
C. below the seller's opportunity cost and below the buyer's opportunity cost.
D. above the seller's opportunity cost and below the buyer's opportunity cost.
Answer: D
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Point out the main differences in job conditions and worker characteristics between the urban formal and informal sectors
What will be an ideal response?
Some economists argue that free trade is beneficial regardless of the actions of a country's trading partners, including trading partners that heavily protect their home markets
Indicate whether the statement is true or false
When yield curves are downward sloping
A) long-term interest rates are above short-term interest rates. B) short-term interest rates are above long-term interest rates. C) short-term interest rates are about the same as long-term interest rates. D) medium-term interest rates are above both short-term and long-term interest rates.
The "allowable deficit" that causes no change in the debt-GDP ratio is equal to the ________ times ________
A) interest rate, outstanding national debt B) interest rate, nominal GDP C) rate of nominal GDP growth, outstanding national debt D) rate of nominal GDP growth, nominal GDP