According the Stolper-Samuelson theorem, the scarce factor in any given country should oppose international trade by that country
Indicate whether the statement is true or false
TRUE
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Which of the following statements about banks is correct?
a. Regulation requires that banks maintain a minimum amount of assets. b. Regulation requires that banks maintain a minimum amount of net worth. c. Regulation requires that banks maintain a minimum amount of liabilities. d. Regulation requires that banks maintain a minimum amount of insurance.
Output in the short run is determined by which of the following factors when an economy operates at full employment?
A. demand B. supply C. the price level D. the labor force
In the goods-and-services market, households
A. only supply. B. only demand. C. both supply and demand. D. neither supply nor demand.
Based on the model, the MPC function is:
Consider the following model for the production of refined oil: MSC = 10 + 0.5Q; MEC = 0.3Q; MSB = 30 – 0.3Q; MEB = 0. a. MPC = 20 – 0.8Q c. MPC = 10 + 0.8Q b. MPC = 30 – 0.6Q d. MPC = 10 + 0.2Q