A country can gain by importing a good that it can make itself if
a. this enables the country to make another good in which it is extremely efficient.
b. it has an absolute disadvantage in the good.
c. this permits the country to establish comparative advantage in the good.
d. All of the above are correct.
a
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Refer to the Article Summary. Senator Pat Toomey brought the Fed's credibility into question when it once again delayed raising interest rates despite several prior announcements alluding to timing for a potential interest rate hike
Prior to this, over the past two decades whenever a change in Fed policy had been announced, the change has ________ taken place, leading to ________ credibility. A) rarely; less B) rarely; greater C) actually; greater D) actually; less
A typical market supply curve
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Explain the difference between a progressive income tax, a proportional income tax and a regressive income tax. Under which type of system is the federal income tax?