During World War II, a nation's opportunity cost of devoting resources to the war effort was ______________.
Fill in the blank(s) with the appropriate word(s).
producing fewer civilian goods
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Between August 2007 and July 2008, Brazil exported more than 3.5 billion pounds of coffee to the rest of the world. This fact means that
A) Brazilian coffee workers "gain" from this trade. B) Brazilian producers "lose" from this trade. C) Brazilian consumers "gain" from this trade. D) Brazilian car manufacturers "lose" from this trade.
The price of ________ in terms of ________ is referred to as the real exchange rate
A) foreign goods; foreign services B) domestic goods; the domestic currency C) domestic goods; foreign goods D) domestic goods; domestic services
In general, __________ a higher rate of return for a given level of risk than ____________ can offer.
A. a portfolio has; individual assets B. individual assets have; a portfolio C. a portfolio has; any other type of saving D. any other type of saving has; a portfolio
According to classical economists, the aggregate supply curve is
a. vertical in both the long run and the short run. b. vertical only in the long run. c. vertical only in the short run. d. horizontal in the short run.