Gross domestic product is officially measured by adding together the
market value of all final goods and services produced within the borders of a nation
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In 2007, Singapore's government ran a budget surplus of $4.5 billion. The budget surplus ________ loanable funds and ________ the real interest rate
A) increased the supply of; lowered B) decreased the demand for; lowered C) increased the supply of; raised D) increased the demand for; raised
Risk sharing is profitable for financial institutions due to
A) low transactions costs. B) asymmetric information. C) adverse selection. D) moral hazard.
Explain how the law of comparative advantage does benefits developing countries.
What will be an ideal response?
For which of the following would the absolute price elasticity of demand be greatest?
A) salt B) tickets to the Super Bowl C) Dr. Pepper cola D) gasoline