Refer to Table 9-9. Fill in the following table with the opportunity costs of producing light bulbs and flash drives for Mexico and Canada
Light Bulbs Flash Drives
Mexico
Canada
Light Bulbs Flash Drives
Mexico 0.25 4
Canada 4 0.25
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The ________ rate represents the difference between the spot and forward price
A) profit B) swap C) spread D) risk
The market demand curve for labor
A. slopes upward. B. is horizontal at the going wage rate. C. slopes downward. D. is vertical at the existing supply of labor.
Economic efficiency in a free market occurs when
A) consumer surplus is maximized. B) producer surplus is maximized. C) the sum of consumer surplus and producer surplus is maximized. D) price is as low as possible.
Your favorite uncle advises you to purchase long-term bonds because their interest rate is 10%. Should you follow his advice?
What will be an ideal response?