Refer to Table 2-9. Japan has a comparative advantage in the production of
A) rice. B) wristwatches. C) both products. D) neither product.
A
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Which of the following are NOT assets on the Fed's balance sheet?
A) discount loans B) U.S. Treasury deposits C) cash items in the process of collection D) U.S. Treasury bills
Externally held debt refers to that part of the national debt owned by private individuals, and internally held debt refers to that part owned by government agencies.
Answer the following statement true (T) or false (F)
According to the principle of marginal productivity, if
A. the product price is less than MRP, the firm is using too little of the input. B. the price of an input rises, the quantity demanded of the input will increase. C. MRP is greater than product price, the firm should reduce the use of the input. D. price of the input equals MRP, the firm is maximizing profit.
The demand for goods reflects people's values
What will be an ideal response?