Refer to the above table. It may be concluded that
A) Mexico has a comparative advantage in computer production.
B) Mexico has a comparative advantage in bicycle production.
C) The United States has a comparative advantage in producing both goods.
D) The United States has a comparative advantage in producing neither good.
A
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The figure above shows the U.S. demand and U.S. supply curves for cherries. Suppose the world price of cherries is $2 per pound. At this price, U.S. consumption of cherries will equal
A) 200,000 pounds. B) 400,000 pounds. C) 600,000 pounds. D) 800,000 pounds. E) 0 pounds.
When the actions of a central bank induce actions from other banks in the country
A) the other banks are reacting to an announcement effect. B) the other banks are concerned about a penalty rate. C) the other banks are acting to prevent liquidity problems. D) the other banks are acting as fiscal agents.
Between 1982 and 2002, U.S. GDP per capita grew at an average rate of 5.5 percent per year
a. True b. False Indicate whether the statement is true or false
Which of the following changes will shift the money demand curve rightward?
What will be an ideal response?