Under a gold standard, a continual balance of surplus in any country can be sustained only as long as the country's gold reserves hold out
Indicate whether the statement is true or false
FALSE
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In Problem 5, in the long run, what is the market price and the quantity of paper produced? What is the number of firms in the market?
What will be an ideal response?
Property rights to resource uses are assigned to owners of the firm to avoid
A) hold-up problems. B) externalities. C) value creation. D) normal profits to the company as a whole.
Refer to Table 3-25. Miguel has an absolute advantage in the production of
a. both goods and a comparative advantage in the production of mixers.
b. both goods and a comparative advantage in the production of toasters.
c. neither good and a comparative advantage in the production of mixers.
d. neither good and a comparative advantage in the production of toasters.
The Federal Reserve can increase aggregate demand by:
a. Increasing taxes b. Buying government securities in the open market c. Raising the reserve requirement d. Raising the discount rate