Operation on the basis of comparative advantage led to the regional specialization of the use of slaves in the North
Indicate whether the statement is true or false
False
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The Fed established stock market margin requirements to reduce the possibility of a stock market panic
Indicate whether the statement is true or false
In response to the demands of environmentalists, large sections of timberlands are put off limits to logging. What effect will this have on the aggregate supply curve?
a. Shift it outward. b. Shift it inward. c. Move the economy up along the curve. d. Move the economy down along the curve.
A certain machine will last one year, will produce $120 in income (received one year later), and will cost $100. The lowest interest rate at which this investment will be unprofitable is
A. 10 percent. B. 11 percent. C. 19 percent. D. 22 percent.
If you know the average propensity to consume you can determine the average propensity to save. How is that possible?
What will be an ideal response?