Suppose that, a country with a closed economy opens itself to international trade and becomes a net exporter. In that case, the price of that good will ________ when the economy goes from closed to open for trade.
A. increase
B. decrease
C. first decrease then increase
D. stay the same
Answer: A
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Traditionally, Wall Street investment banks had been organized as partnerships, but by 2000 they had converted to being publicly traded corporations
As partnerships, the principle-agent problem is ________, but as publicly traded corporations, the principal-agent problem is often ________. A) reduced; less severe B) increased; more severe C) increased; less severe D) reduced; more severe
Over the last century,
A. hours worked have increased as wages have increased. B. hours worked have decreased as wages have increased. C. hours worked have increased as wages have decreased. D. hours worked have decreased as wages have decreased
Explain why banks can influence the money supply if the required reserve ratio is less than 100 percent
“In the last four months, GDP has been declining and many sectors have shown a contraction in business activity. Still, employment has remained constant. We are currently in a recession.” Evaluate this statement.
What will be an ideal response?