Refer to Exhibit 2-9. Who has the comparative advantage in the production of good B?
 ANSWER 5.png)
Alex
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If the Canadian dollar price of a United States dollar increases from C$0.80 to C$1.00, it can be concluded that ________.
A. the Canadian dollar has appreciated in value relative to the United States dollar B. the United States dollar has depreciated in value relative to the Canadian dollar C. the Canadian dollar has depreciated in value relative to the United States dollar D. both countries are on the international gold standard
The slope of the demand curve conveys all the useful information about elasticity.
Answer the following statement true (T) or false (F)
In the liquidity trap a small change in interest rates produces ________ change in the quantity of money demanded
A) a small B) no C) a proportionate D) a very large
A bank is legally required to hold a fraction of its ________ as ________
A) deposits; required reserves B) deposits; excess reserves C) loans; excess reserves D) loans; required reserves