Talented people who are best at everything have a comparative advantage in the production of everything.
Answer the following statement true (T) or false (F)
True
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Explain the three categories of balance of payments transactions
What will be an ideal response?
Suppose the government wants to spend more. There is no unemployment. Which of the following would be the least inflationary?
A. Increase government expenditures and sell bonds to the Federal Reserve. B. Increase government expenditures and taxes at the same time. C. Increase government expenditures and reduce taxes. D. Increase government expenditures and use money already in the Treasury to finance these expenditures.
Why are the following included in the broader definition of supply known as M2? (a) money market deposit accounts (b) money market mutual funds (c) savings accounts
What will be an ideal response?
When the price of a Caesar salad is $5.00, the demand for Caesar salads is elastic, and when the price is $4.00, the demand is inelastic. If Mike's Roadside Restaurant cuts the price from $5.00 to $4.00, its total revenue from Caesar salads ________
A) will increase B) will decrease C) will remain the same D) might increase, decrease, or remain the same