The President of the United States appoints the
A) directors of the Federal Reserve regional banks.
B) presidents of the Federal Reserve regional banks.
C) Federal Advisory Council.
D) members of the Board of Governors of the Federal Reserve.
D
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The Shipbreakers of Alang represent a perfect example of how a developing country can apply the principles of the Heckscher-Ohlin model, since
A) shipbreaking is generally considered to be a capital-intensive operation and India, being a large country has much capital. B) shipbreaking is a labor-intensive operation in India, and India has many workers since it is such a large country. C) shipbreaking is a labor-intensive operation in India, and India's availability of capital per worker is less than that of its trade partners. D) shipbreaking is a capital-intensive operation elsewhere in the world, and therefore represents a case of a factor intensity reversal. E) India's climate lends itself to the work involved in shipbreaking.
Would a country with an absolute advantage in the production of all goods and services trade with other countries? Explain
What will be an ideal response?
Behavioral economists:
A. rely primarily on data drawn from the real world. B. typically assume that each individual has well-defined objectives, that there is a connection between an individual's objectives and actions and that the actions chosen affect an individual's well-being. C. avoid mathematical models of behavior, as they do not adequately describe real world actions. D. typically assume that each individual has well-defined objectives and avoid mathematical models of behavior, as they do not adequately describe real world actions.
A business executive who buys a portable computer so that she can work on airplanes is trying to reduce the cost of traveling
a. True b. False