In the specific factors model, the effects of trade on welfare are ________ for mobile factors, ________ for fixed factors used to produce the exported good, and ________ for fixed factors used to produce the imported good
A) ambiguous; positive; negative
B) ambiguous; negative; positive
C) positive; ambiguous; ambiguous
D) negative; ambiguous; ambiguous
E) positive; positive; positive
A
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Lead is an important input in the production of crystal. If the price of lead decreases, then we would expect the supply of
a. crystal to be unaffected. b. crystal to decrease. c. crystal to increase. d. lead to increase.
Under the VER of the 1980s, U.S. automakers:
a. continued their downward slide. b. could not recover because they were also faced with other issues, such as labor unrest, increased oil and steel prices, and higher taxes. c. were able to raise prices and improve quality to get even higher prices. d. were able, with the quota, to ignore world market conditions.
How well the group works together is called
a. dynamics b. cohesiveness c. conforming d. norming
Which of the following assets is most liquid?
A. funds in a checking account B. a car C. a home D. a municipal bond