Differences in production efficiencies among nations in producing a particular good result from:
A. different endowments of fertile soil.
B. different amounts of skilled labor.
C. different levels of technological knowledge.
D. all of these.
D. all of these.
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The JOBS program was generously funded
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. The primary function of the Fed’s Board of Governors is to formulate U.S. monetary policy. 2. The first attempt at centralized banking in the United States was the Federal Reserve System. 3. A major weakness of the National Banking System was the perverse elasticity of the money supply. 4. The Federal Reserve System was established by the National Banking Act of 1864. 5. Instead of having one central bank, the Federal Reserve in effect has twelve district banks, each with some amount of autonomy.
The United States SRAS curve may shift to the left if we ____________________ Malaysia and the dollar ________________ against the Malaysian ringgit
A) buy raw materials from; appreciates B) buy raw materials from; depreciates C) sell finished goods to; appreciates D) sell finished goods to; depreciates
Refer to the above table. The marginal cost and marginal benefit of stadium B (relative to A) are:
a. $20 million and $50 million, respectively. b. $100 million and $200 million, respectively. c. $30 million and $50 million, respectively. d. $20 million and $60 million, respectively.