Refer to Exhibit 2-8. Who has the comparative advantage in the production of good Y?
Maria
Economics
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In the circular flow, ________ provide the factor services
A) businesses and households B) producers C) households D) businesses
Economics
If there is a rise in the price level, there is ________ in the quantity of real GDP supplied and a movement ________ along the AS curve
A) a decrease; downward B) an increase; downward C) a decrease; upward D) an increase; upward E) no change; upward
Economics
Distinguish between fixed and flexible exchange rate systems
What will be an ideal response?
Economics
Ron decided to sell a particular stock when he found out that many other people were selling it. This is an example of ________
A) anchoring B) signaling C) sniping D) herding
Economics