Consider the following weekly production possibilities of gloves and hats in Panama and Russia:?RussiaPanamaGloves20180Hats80 90What is the possible range of terms of trade between Panama and Russia?
What will be an ideal response?
The price of 1 glove needs to fall between 1/2 of a hat and 4 hats. The price of 1 hat needs to fall between 1/4 of a glove and 2 gloves.
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Which of the following statements identifies a correct reason for demographic transition?
A) The increase in migration of labor from urban to rural areas reduces fertility. B) Transition from a rural economy to an urban economy reduces income below subsistence that reduces fertility and the size of families. C) The cost of rearing children is comparatively lower for urban families in comparison to rural families. D) The dependence on child labor is negligible in urban families in comparison to rural families.
Alt-A borrowers were those who
A) used mortgages to purchase apartments. B) chose adjustable-rate mortgages instead of fixed-rate mortgages. C) borrowed using "interest-only" mortgages. D) did not provide documentation of their income when applying for a mortgage.
Poor health in developing countries encourages economic growth because working is a matter of life and death
a. True b. False Indicate whether the statement is true or false
The structural deficit is extremely sensitive to the performance of the economy
a. True b. False Indicate whether the statement is true or false