A person or a country can have comparative advantage in all activities.
Answer the following statement true (T) or false (F)
False
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Public companies ________ and private companies ________
A) sell stock in financial markets; also sell stock in financial markets B) sell stock in financial markets; do not sell stock in financial markets C) do not sell stock in financial markets; sell stock in financial markets D) do not sell stock in financial markets; also do not sell stock in financial markets
During Japan's economic slump in the early 1990s, monetary policy:
a. was highly effective at stimulating income. b. was caught in a liquidity trap as a result of high inflation and interest rates. c. was ineffective because of a liquidity trap caused by near zero interest rates. d. was never even attempted. e. was the cause of the slump.
In the middle of a severe recession, Congress passes an increase in the level of unemployment benefits. This would be considered by economists as a
A. positive tax. B. negative tax. C. form of government purchases. D. variable tax.
If you watch a pay-per-view movie on a cable TV, the movie is:
A. an excludable good/service but nonrival in consumption. B. an excludable good/service and rival in consumption. C. a non-excludable good/service but rival in consumption. D. a non-excludable good/service and nonrival.