Refer to Figure 18.1. After trade begins, ________ will specialize in the production of bicycles and ________ will specialize in the production of hang gliders
A) the United States; Canada B) the United States.; the United States
C) Canada; Canada D) Canada; the United States
D
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________ occurs when the direction of cause and effect is mixed up in a study
A) Adverse causality B) Omitted variable bias C) Reverse causality D) Limited information bias
Which of the following is an example of money functioning as a unit of account?
A) Bank of America charging 7 percent on an auto loan. B) Pepsi charging $1 for a can of soda. C) eBay using PayPal as a method of payment. D) Your writing a check at Target to pay for new clothes.
According to the dependence theory, the developing world is known as the
a. backward areas. b. periphery. c. first world. d. center.
The Federal Open Market Committee meets about
a. every six days. b. every six weeks. c. every six months. d. every sixteen months.