Refer to Table 2-16. Finland has a comparative advantage in the production of
A) neither product. B) both products. C) lumber. D) cell phones.
D
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George purchased a $10,000 bond that pays a nominal interest rate of 8 percent per year. George's marginal income tax rate is 28 percent. Over the last year, inflation was 3 percent
Find George's before-tax real interest rate and his after-tax real interest rate.
The law of supply states that
a. as prices increase, quantity supplied decreases. b. price changes are always in the same direction as supply changes. c. a change in price causes a change in supply. d. price and quantity supplied are positively or directly related.
Refer to Table 2.1. GDP in 2013 is
A) $243.00. B) $267.50. C) $294.00. D) $302.50.
Which of the following would not be a part of the merchandise trade balance?
a. Exports of consumer durables b. Merchandise imports c. International freight costs d. Computer hardware exports e. Sale of domestically produced cars to foreigners