Absolute advantage is determined by comparing the opportunity costs of producing each good in different countries
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following financial institutions went bankrupt as a result of the financial crisis that began in 2008?
A) Lehman Brothers B) Bank of America C) Citigroup D) JP Morgan
The U.S. economy experiences a public debt when the value of its annual deficits exceeds the value of its annual surpluses over an extended period of time
Indicate whether the statement is true or false
In the strategic view of bargaining:
a. You want to improve your opponent's outside options b. You want to decrease your outside options c. Bargaining is of a prisoner's dilemma game d. Bargaining is of a game of 'chicken'
Compared to the 1948 to 1973 period, the period from 1973 to 1995 can be characterized as a period of
a. faster real GDP growth. b. faster labor productivity growth. c. slower labor productivity growth. d. lower labor force growth.