Though the countries can benefit by completely specializing in the production of the good in which they have comparative advantage, in real world however, they do not completely specialize
a. True
b. False
Indicate whether the statement is true or false
True
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A monopsonist is a firm which
A. is a "sole-buyer" in an input market. B. is a price taker in the labor market. C. faces a horizontal demand curve for labor. D. faces a downward sloping demand curve for its output.
In actual practice, does the Fed monetize the debt?
A. No, it did not do so even with large deficits in the 1980s and early 2000s. B. No longer, although it monetized much of the deficit in the 1980s. C. Yes, although it monetizes less now than in the 1980s. D. Yes, it has monetized the deficit steadily since the early 1970s.
In the short run a firm will operate if ______ is greater than __________.
Fill in the blank(s) with the appropriate word(s).
What results has the Republic of Korea experienced from its change in policies?
What will be an ideal response?