If two nations have straight-line production possibilities curves:
A. then their trading possibilities curves must lie inside the production possibilities curves.
B. there will be no basis for mutually advantageous trade.
C. there will be a basis for mutually advantageous trade whether the slopes are equal or not.
D. there will be a basis for mutually advantageous trade provided the slopes differ.
D. there will be a basis for mutually advantageous trade provided the slopes differ.
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If the Fed is worried about inflation and wants to raise the interest rate, in the short run it can
A) increase the demand for money. B) decrease the demand for money. C) increase the quantity of money. D) decrease the quantity of money. E) directly raise the interest rate without affecting either the demand for money or the supply of money.
Which of the following creates a positive social rate of return?
a. Providing a free secondary education to the public b. Paying higher wages to workers with college degrees c. Offering government grants to private universities d. Earning an advanced degree at a public university
If the dollar rises in value compared to other currencies, what will happen in the United States?
a. an increase in aggregate demand b. an increase in aggregate supply c. a decrease in aggregate supply d. an increase in the U.S. price level
Refer to Labor Force Statistics by Age. In the proper order, which age group has the highest unemployment rate and which has the highest participation rate?
Labor Force Statistics by Age. Suppose people in the adult population in a small country are classified based on their age. Labor Force Status less then 55 55 and older Number employed 400,000 100,000 Number unemployed 25,000 7,000 Number in Population 600,000 200,000 A) under 55, under 55 B) under 55, 55 and older C) 55 and older, under 55 D) 55 and older, 55 and older