Under the bimetallic system, when did the U.S. experience a depletion in its reserve species?
(a) When imports exceeded exports
(b) When exports exceeded imports
(c) When the U.S. closed its borders to all international trade
(d) When the trading partners of the U.S. refused all U.S. imports
(a)
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Use the following table to answer the question below.Jake's Production Possibilities ScheduleJane's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn01600801012020602080404030406020400800Without trade, Jake consumes 20 pounds of green beans and 80 pounds of corn, and Jane consumes 40 pounds of green beans and 40 pounds of corn. If the terms of trade are 1 pound of green beans for 3 pounds of corn, and Jake sells Jane 72 pounds of corn after specialization, then Jane consumes ________ pounds of green beans and ________ pounds of corn.
A. 56, 72 B. 88, 24 C. 72, 56 D. 24, 88
"Being the only seller in the market, the monopolist can choose any price and quantity it desires." Evaluate this statement: Is it true or false? Explain your answer
What will be an ideal response?
How does the slope of the AS curve affect the closure of the GDP gap?
What will be an ideal response?
In 2003, ratings agencies downgraded bonds issued by the State of California several times. How will this affect the market for these bonds?
A. The yield on these bonds will not change, nor will the yield on Treasury bonds. B. The yield on these bonds and on Treasury bonds will both decrease. C. Yields on these bonds will decrease and the yield on Treasury bonds will increase. D. Yields on these bonds will increase.