The remarkable success of the HPAEs proves that
A) trade policy is the key to successful economic growth.
B) trade policy is irrelevant to successful economic growth.
C) high educational standards is the key to successful economic growth.
D) dual economies must suffer economic stagnation.
E) trade policy can lead to a higher standard of living for developing countries.
E
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With no international trade, the U.S. price of wheat is lower than the world price of wheat
This indicates that the United States ________ a comparative advantage in the production of wheat and with international trade, the United States will ________ wheat. A) has; export B) has; not trade C) has; import D) does not have; export E) might have; export
In using the Internal Rate of Return approach, one must first calculate the discount rate on the investment that makes
A) the net present value equal zero. B) the interest rate equal zero. C) the interest rate equal the discount rate. D) the first year's return positive.
The isoquants for inputs that are perfect substitutes for one another consist of a series of:
a. right angles b. parallel lines c. concentric circles d. right triangles e. none of the above
When the price of a good increases, the quantity demanded of loanable funds ______. When the interest rate increases, the quantity demanded of loanable funds ______. When the interest rate increases, the quantity supplied of loanable funds ______
a. decreases, decreases, decreases b. increases, decreases, decreases c. increases, decreases, increases d. decreases, increases, increases e. increases, increases, increases