Historical note: The IMF was formed in
a. 1790
b. 1812
c. 1890
d. 1944
e. 1974
D
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Which of the following actions might we logically expect to result from rising stock prices?
a. Jim decreases his consumption spending. b. Firms sell fewer shares of new stock. c. Firms spend more on investment. d. None of the above is correct.
In an inverse relationship
A) one variable rises while the other falls. B) both variables rise together. C) both variables fall together. D) the two variables has not related to each other.
It is sometimes difficult to transfer the advanced technologies of the industrialized nations to the DVCs because:
A. the technologies of the IACs are frequently based on relatively expensive labor and relatively cheap capital. B. the resource endowments of the IACs and the DVCs are highly similar. C. international patent laws prohibit such transfers. D. the technologies of the IACs are frequently based on relatively cheap labor and relatively expensive capital.
Absolute Advantage
What will be an ideal response?