An increase in the quantity of capital increases ________ and increase in the full-employment quantity of labor increases ________
A) the SAS and the LAS; only the SAS
B) the SAS and the LAS; only the LAS
C) the SAS and the LAS; the SAS and the LAS
D) only the LAS; the SAS and the LAS
C
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Specialization allows for
A) more consumption for all trading partners. B) more consumption for the trading partner with the comparative advantage. C) more consumption for the trading partner with the absolute advantage. D) equal consumption among trading partners.
A nation's country-risk premium increases if:
a. Large corporations, on average, increase their debt-to-equity ratios, thereby making their operations more volatile. b. Expected inflation becomes harder to predict. c. The average maturity structure in the nation rises. d. All of the above. e. Central bank policies become more predictable.
How much is the percentage of income earned by the highest quintile on Lorenz curve Q?
Refer to Table 3-20. What is Theresa’s opportunity cost of producing one pound of beef?
a. 5/6 bushel of wheat b. 6/5 bushel of wheat c. 3/5 bushel of wheat d. 5/3 bushels of wheat