Given that Sandy can produce 10 economics reports or make 2 sales calls and Tim can produce 2 economics reports or make 1 sales call, we can conclude that
A) Sandy should specialize in economics reports, and Tim should specialize in sales calls.
B) Sandy should produce both economics reports and sales calls since she cannot possibly gain from trade with Tim.
C) Tim should specialize in producing economics reports, and Sandy should specialize in producing sales calls.
D) Tim should produce both economics reports and sales calls.
A
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The larger a country is relative to the rest of the world, the less likely it is to be able to produce a net benefit for its citizens by imposing an import tariff.
Answer the following statement true (T) or false (F)
When a recession begins and ends is determined by a committee within the
a. Office of Management and Budget b. Bureau of Economic Analysis c. Council of Economic Advisors d. National Bureau of Economic Research e. Bureau of Labor Statistics
Because a decrease in the nominal interest rate reduces the opportunity costs of holding money, the money demand curve:
A. slopes upward. B. shifts to the right. C. slopes downward. D. shifts to the left.
If, at some interest rate, the quantity of money demanded is less than the quantity of money supplied, people will desire to
a. sell interest-bearing assets, causing the interest rate to decrease. b. sell interest-bearing assets, causing the interest rate to increase. c. buy interest-bearing assets, causing the interest rate to decrease. d. buy interest-bearing assets, causing the interest rate to increase.