The opportunity cost of producing one bushel of coffee in Brazil is
A. 1/2 bushels of a hot dog.
B. 20 bushels of hot dogs.
C. 2 bushels of hot dogs.
D. 1/2 of a bushel of coffee in Columbia.
C. 2 bushels of hot dogs.
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If the economy enters an expansion
A) cyclical unemployment increases. B) structural unemployment increases. C) cyclical unemployment decreases. D) structural unemployment decreases.
Which is the most important category of Fed assets?
A) securities B) discount loans C) gold and SDR certificates D) cash items in the process of collection
The Bahamas and Cayman Islands are known for their warm, sandy beaches and their
A) Edge Act corporations. B) shell banks. C) section 20 affiliates. D) high taxation.
An industrial union is
A) a union composed of public employees. B) a union composed of workers who are in a specific geographic area. C) a union composed of workers who are employed in a particular industry. D) a union composed of workers who engage in a particular trade or skill.