A) peak
B) expansion
C) recession
D) trend
E) trough
One factor that might lead to reduced trade or incomplete specialization is
a. absolute advantage
b. comparative advantage
c. government-enacted barriers to trade
d. constant opportunity cost
e. decreasing opportunity cost
A
Economics
You might also like to view...
Speculators in derivatives markets
A) reduce the efficiency of these markets. B) are acting contrary to U.S. securities laws. C) accept risk transferred to them by hedgers. D) reduce the liquidity of these markets.
Economics
Increasing the number of corporations whose stocks are in your portfolio reduces market risk
a. True b. False Indicate whether the statement is true or false
Economics
The U.S. economy is experiencing falling output, falling employment, falling incomes and rising unemployment. These conditions best describe a business cycle ________
Economics
When drawing a production possibilities frontier for two goods, all of the following are usually assumed except one. Which is the exception?
a. ?Technology is fixed. b. ?The production possibilities frontier is drawn for a particular time period. c. ?Resources can be shifted from the production of one good to the other. d. ?The quantity of resources is rapidly growing. e. ?Resources are fully and efficiently employed.
Economics