If a country is exporting a good, this is because the country has an absolute advantage in the production of that good
a. True
b. False
Indicate whether the statement is true or false
False
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A centrally planned economy has a planning authority that decides
A) how the products are produced. B) who receives the products. C) what products to produce. D) all of the above.
A person's ________ indicate her willingness to expose others to risk and that she is doing it for ________
A) actions; her own benefit B) actions; society's benefit C) finances; her own benefit D) finances; society's benefit
The East Asian model's approach to interest rates has been
a. to keep interest rates well below market levels b. to keep interest rates above market levels c. to allow the market to determine interest rates d. to allocate investment funds entirely through government, and not charge any interest e. none of the above
In 2011, the per-capita GDP in the United States, in 2005 dollars, was about
A) $17,500. B) $27,500. C) $43,000. D) $47,500.