In a business cycle, the date at which a recession starts is called a trough
Indicate whether the statement is true or false
FALSE
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Refer to Table 2-2. According to the law of comparative advantage, both Honduras and Nicaragua could gain if
a. Honduras produced all of the apples and oranges and Nicaragua did not produce anything. b. Honduras specialized in producing apples, Nicaragua specialized in producing oranges, and they traded. c. Honduras specialized in producing oranges, Nicaragua specialized in producing apples, and they traded. d. Nicaragua and Honduras were both were self-sufficient and did not trade.
What is price leadership?
What will be an ideal response?
A tax on the sellers of cameras encourages
A. sellers to supply a smaller quantity at every price. B. buyers to demand a smaller quantity at every price. C. sellers to supply a larger quantity at every price. D. Both A) and B) are correct.
Government bond:
What will be an ideal response?