When production does not proceed on the basis of comparative advantage, resources are expended on their most efficient uses
a. True
b. False
Indicate whether the statement is true or false
False
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When the government increases its borrowing in the loanable funds market, the likely result is ________ loanable funds traded at a ________ interest rate.
A. fewer; higher. B. more; higher. C. more; lower. D. fewer; lower.
What does research thus far suggest about job loss and offshoring?
What will be an ideal response?
To signal to your insurance company that you are a low risk individual, you should
a. Accept an insurance policy with a high deductible b. Accept an insurance policy with a low deductible c. Accept an insurance policy with no co-payments d. None of the above
When capacity utilization rate is high:
a. the price level is likely to go up. b. consumption is likely to go down. c. investment is likely to increase. d. the rate of interest is likely to decrease. e. aggregate supply of goods is likely to remain constant.