If Atlantis has an open economy, then it:
A. has a democratically elected government.
B. does not trade with other countries.
C. trades with other countries.
D. allows imports but not exports.
Answer: C
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Provide four reasons for the changes observed in per-pupil spending during the latter half of the twentieth century
What will be an ideal response?
The fact that, for most of its history, the Fed was reluctant to make discount loans actually:
A. pushed the discount rate above the target federal funds rate. B. at times was a destabilizing force for financial markets. C. proved to be a very stabilizing force for financial markets. D. resulted in banks in very strong financial shape as being the only ones borrowing from the Fed.
Economic rent is the amount of money that _________________________________.
Fill in the blank(s) with the appropriate word(s).
Cuba is a command economy that suffered a decline in economic growth because of a cut in the aid provided by the former Soviet Union when the latter collapsed. As a consequence, Cuba:
A. Experienced an outward shift of its production possibilities curve B. Experienced an inward shift of its production possibilities curve C. Moved from one point to another along its existing production possibilities curve D. Went to a point inside its production possibilities curve