Common property often results in
A. exclusive rights of ownership.
B. more efficient production of goods.
C. a negative externality.
D. a social benefit.
Answer: C
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If a country has
A) an absolute advantage in producing a good, it definitely also has a comparative advantage in producing that good. B) an absolute advantage in producing a good, it might or might not have a comparative advantage in producing that good. C) a comparative advantage in production of a good, it must also have an absolute advantage in producing that good. D) an absolute advantage in producing a good, it definitely will not have a comparative advantage in producing that good. E) None of the above answers is correct.
While short-run growth increases capacity, long-run growth increases capacity utilization.
Answer the following statement true (T) or false (F)
The ________ is defined as the ratio of the dollar price of a basket of goods and services in the U.S., divided by the dollar price of the same basket of goods and services in a foreign county
A) real exchange rate B) ordinal exchange rate C) nominal exchange rate D) expected exchange rate
Industrial production is an example of a coincident indicator
Indicate whether the statement is true or false