In the graph shown, which of the world supply curves is associated with a trade balance?
A. WAS0
B. WAS1
C. WAS2
D. None create surpluses.
Answer: B
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Regression analysis splits people into groups, with each group containing identical people who
A) have different qualifications. B) do different work. C) are all of the same gender. D) None of the above are correct.
The product life cycle theory predicts that comparative advantage shifts away from the country of origin if:
a. the product is introduced in many countries simultaneously. b. the product is highly demanded in international markets. c. the demand for the product drastically declines in the domestic market of the country where it was invented. d. other countries have lower manufacturing costs using the now-standardized technology. e. other countries develop highly skilled labor forces to improve product quality.
The presence of excess reserves does not change how much money the banking system actually creates
Indicate whether the statement is true or false
The difference between savings and saving
A. is called money illusion. B. is that savings occurs when consumption does not and saving is used to purchase consumption goods. C. is that savings is measured in real terms while saving is measured in nominal terms. D. is that savings is a stock concept and saving is a flow concept.