Neo-Keynesians believe that the government will never have to choose between policies to control unemployment and policies to control inflation
Indicate whether the statement is true or false
F
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Given the information in the figure above, Liz ________ benefit from trade with Joe because ________
A) can; each of them has a comparative advantage in one of the goods B) can; each of them has an absolute advantage in one of the goods C) cannot; she has an absolute advantage in both goods D) cannot; she has a comparative advantage in both goods E) can; Joe is more productive in producing one of the goods
Refer to above figure. With free trade and no tariffs, what is the quantity of Widgets produced domestically?
What will be an ideal response?
What is the approximate number of Americans who have jobs?
a. 144 million b. 200 million c. 290 million d. 310 million e. 3.1 billion
A farmer producing bushels of soybeans in the perfectly competitive soybean industry is currently maximizing profits. If the market price of soybeans increases and the farmer adjusts output to the new price, he will produce ________ soybeans and make ________ profit.
A. the same bushels of; the same B. fewer; the same C. more; more D. fewer; less