International trade has the potential to
A. increase the availability of goods and services to those nations that export more than they import.
B. increase the availability of goods and services to those nations that have an absolute advantage in the production of a good or service.
C. increase the availability of goods and services to all nations.
D. decrease the availability of goods and services to all nations.
Ans: C. increase the availability of goods and services to all nations.
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Which of the following would be most likely to cause an increase in the demand for gold?
A) A decrease in the price of gold B) The expectation of a future decrease in the price of gold C) An increase in the price of gold D) The expectation of a future increase in the price of gold E) An increase in the supply of gold
The difference between the existing unemployment rate and the natural unemployment rate is defined is the __________ unemployment rate.
a. frictional b. structural c. cyclical d. natural
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A) 3.8; 23.0 B) 23; 26.0 C) 26; 23.3 D) 18; 24.0 E) 21; 23.3
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A. 10. B. 10 + (5/Q). C. (10/Q) + 5. D. It cannot be determined.