Given the information in the table above
A) neither country has a comparative advantage in cloth.
B) Home has a comparative advantage in widgets.
C) Foreign has a comparative advantage in widgets.
D) Home has a comparative advantage in both cloth and widgets.
E) neither country has a comparative advantage in widgets.
C
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All of the following shift the demand for money curve EXCEPT
A) a rise in the nominal interest rate. B) an increase in the price level. C) a decrease in real GDP. D) an improvement in financial technology. E) an increase in real GDP.
Increases in the general price level are primarily a macroeconomic issue
a. True b. False
The greatest global redistribution of income ever recorded occurred in the 1970s as a direct result of
a. a worldwide drop in food prices b. the OPEC cartel c. growing international oligopoly d. a shift from balanced to unbalanced oligopoly e. a shift from price leadership to kinked demand curve oligopoly
It is stated that, in democracy, every vote counts. To be a contentious voter in a democracy, one should
A. spend some time learning about the issues. B. find out about the positions of the candidates. C. be sure to vote. D. all of these answer options are correct.