Econometric computer models have led to better predictability of economic events
Indicate whether the statement is true or false
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Money today
A) is the demand for loanable funds. B) is the supply of loanable funds. C) is only currency inside banks. D) is fiat money. E) in the United States, is only dollar bills and coins.
The more restrictive the government's immigration policies are, the
a. narrower are the wage differentials between countries b. wider are the wage differentials between countries c. higher is the migration rate of workers between high-wage and low-wage countries d. lower are the opportunity costs of work in high-wage countries e. smaller is the difference between the supply curves of labor in different countries
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
According the graph shown, if this economy were open to free trade, it would:
A. export this good, because the world price is greater than the domestic price. B. import this good, because the world price is greater than the domestic price. C. import this good, because the domestic price is greater than the world price. D. export this good, because the domestic price is greater than the world price.
A drought that decreases Russian wheat production will
A. shift the supply curve of US corn to the right. B. shift the supply curve of US corn to the left. C. shift the demand curve for US corn to the right. D. shift the demand curve for US corn to the left.