Graph If this is a nontrading (closed) economy, how many cars (in thousands) will be exchanged?
a. 20
b. 40
c. 60
d. 80
b. 40
Economics
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What is the difference between capital goods and consumer goods?
What will be an ideal response?
Economics
What is the current US monetary policy?
a. low interest rates and money supply growth b. high interest rates and money supply growth c. low interest rates and money supply decreases d. high interest rates and money supply decreases
Economics
The MRP of labor will shift to the right if
A. wages decrease. B. labor productivity increases. C. labor productivity decreases. D. wages increase.
Economics
The U.S. factor of production that is most likely to be made worse off because of NAFTA (because its factor payment will fall) is
A) unskilled labor. B) skilled labor C) capital D) All of the above will be made worse off.
Economics