If Argentina has a large amount of farmland and Great Britain has many factories,
A. the two nations have no reason to trade.
B. Argentina will be willing to trade but Great Britain will not.
C. Great Britain will be willing to trade but Argentina will not.
D. the two nations will probably engage in mutually advantageous trade.
Answer: D
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The size of the money multiplier depends upon all of the following EXCEPT
A) the required reserve ratio. B) the currency-deposit ratio. C) excess reserves relative to deposits. D) the discount rate.
Regardless of whether a tax is levied on sellers or buyers, taxes encourage market activity
a. True b. False Indicate whether the statement is true or false
In Figure 30.1, the shift in the labor supply curve from S1 to S2 means that
A. The marginal utility of labor relative to leisure has increased. B. The demand for labor has increased, and this encourages more labor force participation. C. The marginal utility of labor has decreased. D. Workers are being paid higher wage rates, given their taste for work.
Refer to the information provided in Figure 15.4 below to answer the question(s) that follow. 
Figure 15.4 Refer to Figure 15.4. Assume The Hand Made Shirt Shop has fixed costs of $150 and is a monopolistically competitive firm. To maximize profits in the short run, this firm should set a price of
A. $18. B. $22. C. $23. D. $25.