Since the end of 2008, there has been a zero interest rate bound in the U.S. economy.
Answer the following statement true (T) or false (F)
True
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If country X can produce a unit of good 1 at a lower opportunity cost than can country Y, it is correct to state that country X
A) has a comparative advantage in producing good 1. B) has an absolute advantage in producing good 1. C) will import good 1 from country Y. D) will not produce good 1.
Sales taxes are regressive
Indicate whether the statement is true or false
When a currency is described as overvalued, this typically implies:
A. the exchange rate is higher than one year previous. B. it is overvalued relative to the exchange rate set by the nation's central bank. C. its current market value is higher than the value that is thought to be consistent with purchasing power parity. D. it is selling at an exchange rate less than one.
If losses are unavoidable in an uncertain world, then
What will be an ideal response?