Assume that Country X and Country Y are trading partners and the exchange rates are fixed. If prices in Country Y rise, all of the following are expected to happen except
A. Country X will export more.
B. Country Y will import more.
C. net exports will rise for Country X.
D. trade will boost the GDP of Country Y.
Answer: D
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Refer to the table above. Eduland has a comparative advantage in ________ shoes
A) both designing and stitching B) designing C) shutting its factory D) stitching
Would a change in the price of in-line skates cause a change in the supply of in-line skates? Why or why not?
What will be an ideal response?
The federal government agency that insures demand deposits for up to $100,000 is the
a. Federal Reserve System b. Federal Deposit Insurance Corporation c. Federal Savings and Loan Insurance Corporation d. Resolution Trust Corporation e. Bank Insurance Trust Corporation
The distribution of income in a market economy is determined by the minimum wage laws.
Answer the following statement true (T) or false (F)