According to the law of comparative advantage, individuals and economies should specialize in producing those goods and services in which they have a comparative advantage
a. True
b. False
A
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The manner in which FDIC deposit insurance is set up in the United States encourages banks to
A) make riskier loans than they otherwise would. B) reject some loans that probably would be profitable. C) be too conservative in their lending practices. D) maintain excess reserves that are too great.
A corporation ________ taxes on its profits and its stockholders ________ taxes on any dividends made to them by the company
A) pays; pay B) pays; do not pay C) does not pay; pay D) does not pay; do not pay
What has been the most significant obstacle to progress in the Doha Round?
What will be an ideal response?
Everything else held constant, if workers expect an increase in inflation, ________ aggregate supply ________
A) long-run; increases B) long-run; decreases C) short-run; decreases D) short-run; increases