A country is said to have an absolute advantage in the production of an item when the country
What will be an ideal response?
is more efficient than any other country at producing the item
Economics
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An example of an international policy externality is
A) the locomotive effect. B) the liquidity effect. C) the monetary effect. D) sterilization.
Economics
A 91-day $10,000 Treasury bill is selling for $9,000. The bill's yield on a discount basis is __________ percent
A) 3.36 B) 3.96 C) 7.91 D) 10.0
Economics
In 2000, total United States spending on national defense was less than five percent of GDP
a. True b. False
Economics
In the market for oranges, availability of substitutes limits a single seller's power over price
Indicate whether the statement is true or false
Economics