Refer to Table 2-5. What is Estonia's opportunity cost of producing one board foot of lumber?
A) 0.2 cell phones B) 5 cell phones C) 8 cell phones D) 32 cell phones
A
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Government assistance to workers whose employment prospects have worsened is called:
A. the minimum wage. B. worker mobility payments. C. transition aid. D. social security.
Securitization:
A. turns many loans into a single larger asset. B. is an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. C. is a promise by the bond issuer to repay the loan, at a specified maturity date, and to pay periodic interest at a specific percentage rate. D. turns many loans into a risk-free secure asset.
Securities sold in financial markets change value ______.
a. based on government mandates b. based on investor expectations c. when the board sets their price d. in coordination with similar firms
Suppose a country has the following balance of payments data.
(a)Calculate the current account balance.(b)Calculate the financial account balance.(c)Calculate the trade balance.(d)Calculate net factor payments.
What will be an ideal response?