Refer to the scenario above. This implies that Lawland has a trade ________
A) deficit B) surplus C) tariff D) equilibrium
A
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The towns of Mattoon and Charleston can produce one of two goods: books and bagels. In Charleston factories, 6 laborers can produce 100 books in an hour, while 12 laborers can produce 400 bagels in an hour.
(i) What is the cost of producing books in Charleston? (ii) Suppose the cost of producing books in Mattoon is 3 bagels per book. Which town should specialize in bagel production and which town should specialize in book production?
The discount rate is kept ________ the federal funds rate because the Fed prefers that ________
A) below; banks borrow reserves from each other B) below; banks borrow reserves from the Fed C) above; banks borrow reserves from each other D) above; banks borrow reserves from the Fed
Eastern Europe is an information-__________ environment, which __________ the use of securities markets for large-firm financing
A) poor; encourages B) poor; discourages C) rich; encourages D) rich; discourages
If a reduction in stock prices reduces the real wealth of Americans, the
a. aggregate demand curve will shift to the left. b. long-run aggregate supply will shift to the left. c. general price level will increase. d. aggregate demand curve will shift to the right.