The basis for international trade is ______________ and ______________.
Fill in the blank(s) with the appropriate word(s).
specialization; exchange
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Based on the figure above, in which quarter or quarters did an expansion occur?
A) in 2014, 2nd quarter B) in 2013, 2nd quarter C) between 2013, 2nd quarter to 2014, 2nd quarter D) between 2012, 2nd quarter to 2013, 2nd quarter and also between 2014, 2nd quarter to the end of the figure E) There are no expansions illustrated in the figure.
Suppose an economics professor receives a $10,000 royalty check from a foreign publishing company and deposits the amount in a local bank. This transaction would be recorded as:
a. a $10,000 credit entry in the domestic services account. b. a $20,000 debit entry in the domestic capital account. c. a $20,000 debit entry in the domestic capital account. d. a $10,000 credit entry in the domestic capital account. e. a $10,000 debit entry in the domestic services account.
If the RECAP policy was imposed on firms by the government, it would be considered a(n):
A. purposeful behavior. B. advantageous default option nudge. C. shadow price. D. push.
The greater the risk of nonrepayment of a loan, other things being equal
A) the longer is the repayment term. B) the lower is the charged loan fees. C) the higher is the rate of interest. D) the smaller is the amount of collateral that is used.