Refer to Table 2-12. Guatemala has a comparative advantage in the production of
A) sailboats. B) canoes. C) both products. D) neither product.
B
Economics
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The informal sector exhibits
(a) free entry (b) labor intensive methods (c) small, competitive firms (d) all of the above
Economics
The passive approach depends on the forces of what automatic stabilizers to close a recessionary gap?
a. Aggregate Demand b. Interest Rates c. Short Run Aggregate Supply d. Passive Approach depends on nothing to close recessionary gaps
Economics
International trade allows a country's consumption possibilities to exceed its production possibilities.
Answer the following statement true (T) or false (F)
Economics
Economists build economic models by
a. generating data.
b. conducting controlled experiments in a lab.
c. making assumptions.
d. reviewing statistical forecasts.
Economics