For any country, if the world price of copper is higher than the domestic price of copper without trade, that country should
a. export copper, since that country has a comparative advantage in copper.
b. import copper, since that country has a comparative advantage in copper.
c. neither export nor import copper, since that country cannot gain from trade.
d. neither export nor import copper, since that country already produces copper at a low cost compared to other countries.
a
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International monetary analysis focuses on
A) the real side of the international economy. B) the international trade side of the international economy. C) the international investment side of the international economy. D) the issues of international cooperation between Central Banks. E) the monetary side of the international economy, such as currency exchange.
Parties who have sold a futures contract and thereby agreed to ________ (deliver) the bonds are said to have taken a ________ position
A) sell; short B) buy; short C) sell; long D) buy; long
Excess reserves equal total reserves plus required reserves
a. True b. False Indicate whether the statement is true or false
The demand for loanable funds increases when the expected rate of return increases.
Answer the following statement true (T) or false (F)