Free trade is viewed as key to economic development because
A) it encourages a faster spread of technology.
B) it encourages a country's exports only.
C) it brings in expensive new technology.
D) none of the above is correct.
A
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Contrast the Cambridge and Fisher versions of the quantity theory. Explain why the Cambridge version of the quantity theory represents a more modern monetary theory when compared to Fisher's version
What will be an ideal response?
The above figure shows supply and demand curves for apartment units in a large city. The area "e" represents
A) the loss in producer surplus if a rent ceiling of $350 is imposed. B) the total variable cost of supplying Q1 units. C) the marginal cost of supplying Q1 units. D) the total revenue received by supplying Q1 units.
A bank creates money when it:
a. gets new checkable deposits which the depositor formerly held as cash. b. has a loan paid off, which creates excess reserves for the bank. c. makes a loan from its excess reserves. d. holds back excess reserves because of an increase in the required reserve ratio. e. gets more excess reserves because of a decrease in the required reserve ratio.
The government includes the value of the services of a stay-at-home parent who provides childcare for his/her daughter as part of the GDP of the country
a. True b. False Indicate whether the statement is true or false