Use the above table. If these two countries, Alpha and Beta, specialize based on comparative advantage
A) Alpha will specialize in cookies, and Beta will specialize in coffee production.
B) Alpha will specialize in producing both items.
C) Beta will specialize in producing both items.
D) Alpha will specialize in coffee, and Beta will specialize in cookies.
D
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As the marginal propensity to consume ________, the value of the multiplier increases
A) decreases slightly B) is constant C) increases D) decreases
The Bulgarian currency, the lev, is pegged to the euro at a rate of 1.96 leva (leva is the plural of lev) to the euro. At the pegged exchange rate, how many euros would be exchanged for one lev?
A) 0.51 B) 1.00 C) 1.96 D) 3.84
Supply chain management refers to
A) the contracts put in place to manage a firm's suppliers. B) the decisions around which stages of production to handle internally and which to buy from others. C) how the firm compensates the employees who work on the firm's internal stages of production. D) the 19th century practice of having barges move downstream with the flow of the river.
When a price floor is set for a market, quantity supplied will be:
A. Less than the equilibrium quantity, and price will be less than the equilibrium price. B. Less than the equilibrium quantity, and price will be greater than the equilibrium price. C. Greater than the equilibrium quantity, and price will be less than the equilibrium price. D. Greater than the equilibrium quantity, and price will be greater than the equilibrium price