To an economist, the terms "money" and "wealth" are synonyms
Indicate whether the statement is true or false
False
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Arguments made against free trade include all of the following except
A) national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not. B) infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries. C) dumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against. D) free trade is inflationary and should be restricted in the domestic interest. E) if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against.
A call option described as out of the money would find:
A. the option has expired. B. the option has been exercised. C. the market price of the stock is above the strike price. D. the strike price is above the market price of the stock.
If the demand for steak increases as income increases, then steak is a(n):
A. normal good. B. inferior good. C. substitute good. D. complementary good.
A(n) ________ in a country's money supply causes international capital
A. contraction; stock to stabilize. B. expansion; outflows. C. contraction; outflows. D. expansion; inflows.