Trade, both within and across national borders, ________
A) discourages specialization in production B) exploits absolute advantage
C) reduces interdependence among nations D) increases productive efficiency
D
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In the table above, if the wage rate is $8.00 per hour, the profit-maximizing number of workers is
A) 1. B) 2. C) 4. D) 5.
Refer to the above table. What is the absolute price elasticity of demand when price changes from $6.00 to $6.50?
A) 1.60 B) 1.00 C) 0.65 D) 0.60
Which of the following about economic growth is true?
a. The developed nations are growing rapidly and the less-developed nations are stagnating. b. Most of the countries that have achieved the highest growth rates in the world during the last quarter of a century were classified as LDCs in 1980. c. It is an oversimplification to divide the world into the growing, developed nations and the stagnating, less-developed nations. d. Both b and c are true. e. All of the above are true.
Federal funds, by definition, are the
What will be an ideal response?