Based on Table 4.1, according to the Heckscher-Ohlin Theorem, U.S. exports should be goods that
A) intensively use labor input.
B) intensively use capital input.
C) use capital and labor in about equal proportions.
D) use either labor or capital input, depending on the good.
A
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Economists argue that which allocation scheme leads to the most efficiency?
A) market based. B) government based. C) random. D) first-come, first-serve.
If there is a sudden jump in the inflation rate, the purchasing power of financial assets will immediately fall
a. True b. False Indicate whether the statement is true or false
Predatory pricing refers to
a. a firm selling certain products together rather than separately. b. a monopoly firm reducing its price in an attempt to maintain its monopoly. c. firms colluding to set prices. d. All of the above are examples of predatory pricing.
(Figure: Three AD Curves) Beginning at Point A in the accompanying diagram, a positive money shock could result in a short-run growth rate of:
What will be an ideal response?