In economics, a good is "free"
What will be an ideal response?
to someone who can acquire it without sacrificing anything else of value.
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If free international trade opens up and a country has a comparative disadvantage in sugar production, we should expect
a. greater sugar consumption in that country b. higher sugar prices in that country c. greater sugar production in that country d. lower sugar prices in sugar-exporting countries e. greater sugar consumption in sugar-exporting countries
Dishonesty in business dealings is called
a. fraud b. cheating c. theft d. corruption e. b, c, and d
A problem with the operation of the gold standard in the world economy was that
A) it involved too much government intervention in the economy. B) the world economy was subject to too much inflation. C) a country did not have control of its domestic monetary policy. D) it caused the Great Depression.
Which of the following Fed policy actions left the date for completion open, based on achieving particular employment objectives?
A. QE2. B. QE3. C. Maturity Extension Program. D. Operation Twist.