The United States has developed a comparative advantage in digital computers, airliners, and many prescription drugs. The source of its comparative advantage in these products is
A) a favorable climate.
B) technology.
C) abundant supplies of natural resources.
D) a strong central government.
Answer: B
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The payment made by a bank to a depositor to use her money for lending to those in need of funds is referred to as the ________
A) dividend B) interest C) principal D) stock
A tax of $1 on sellers shifts the supply curve upward by exactly $1
a. True b. False Indicate whether the statement is true or false
In an open economy, a decrease in net exports because of reduced demand for domestic products by foreigners should cause the domestic real interest rate to ________ and should cause desired saving minus desired investment to ________.
A. fall; rise B. rise; fall C. fall; fall D. rise; rise
A. Using the graph below, plot the following demand schedule and label it D1. B. Using the same graph, plot the following demand schedule and label it D2. C. Based on the graph with the data you plotted, you would conclude that demand __________.
