If there are big gains to be had from specialization and trade, countries generally don't produce one good because:
A. there is perfectly free trade between national economies.
B. national economies often are perfectly free markets.
C. specialization is generally limited by trade agreements.
D. All of these are true.
Answer: C
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A) frictional GDP. B) potential GDP. C) low-capacity GDP. D) short-run GDP.
List all the influences on selling plans, and for each influence, say whether it changes supply
What will be an ideal response?
In the Classical model, a decrease in saving will result in saving being __________ than investment which will cause the interest rate to __________
A) greater; rise B) greater; fall C) less; rise D) less; fall
The accelerator is an integral part of
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