Since the Civil War, the poorest section of the country has been the __________.
Fill in the blank(s) with the appropriate word(s).
South
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Both tariffs and quotas result in fewer imports being sold in a country
Indicate whether the statement is true or false
An increase in the real risk-free interest rate causes the:
a. Preferred asset ratio for currency in circulation (C/D) to fall, which increases the quantity of real loanable funds supplied. b. Preferred asset ratio for customary reserves (U/D) to rise, which increases the quantity of real loanable funds supplied. c. Preferred asset ratio for near money (N/D) to fall, which increases the quantity of real loanable funds supplied. e. None of the above.
If the U.S. enjoys an absolute advantage in agriculture compared to every other country in the world, then
A. agricultural production will take place only in the U.S. B. the U.S. necessarily has a comparative advantage in agriculture. C. the U.S. may or may not have a comparative advantage in agriculture. D. the U.S. necessarily does not have a comparative advantage in agriculture.
A demand schedule illustrates the quantities of a particular product or service that are demanded at different prices.
Answer the following statement true (T) or false (F)