If exchange rates end up in the right ranges, the free market will drive each country to shift resources into those sectors in which it enjoys a comparative advantage.
Answer the following statement true (T) or false (F)
True
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Which of the following is issued to an investor to provide protection from having the invention copied or stolen for 20 years?
A) a license B) a natural monopoly C) a patent D) a certificate of convenience
Members of the top quintile of income earners in every country today:
A. earn disproportionately more than those in the bottom quintile. B. earn disproportionately less than those in the middle quintile. C. earn disproportionately less than they did 100 years ago. D. All of these are true.
The extent to which a given change in investment affects aggregate demand depends:
a. on the change in interest rate. b. on the size of the spending multiplier. c. on the change in money supply. d. on the change in investment.
Buyers and sellers of a particular good make up the:
A. market for the good. B. demand for the good. C. production possibilities curve for the good. D. supply for the good.