The United States has a comparative advantage in producing airplanes if
A) it can produce them at a lower opportunity cost than can other nations.
B) it can produce them at a lower dollar cost than can other nations.
C) it can produce a larger quantity than can other nations.
D) it has a larger quantity of skilled workers than do other nations.
A
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As a result of the 2008-2009 financial crisis and the decrease in GDP in many European economies, we would expect
A) an increase in the demand for U.S. exports and a leftward shift in the demand curve for dollars. B) a decrease in the demand for U.S. exports and a leftward shift in the demand curve for dollars. C) a decrease in the demand for U.S. exports and a rightward shift in the demand curve for dollars. D) a decrease in the demand for U.S. imports and a movement up along the demand curve for dollars.
M2 is the narrow measure of the money supply
a. True b. False Indicate whether the statement is true or false
If the pricing of one firm is partially influenced by what it thinks another firm will do, the two firms are
A) interdependent. B) bundled. C) tied. D) independent.
Both the multiplier effect and the investment accelerator tend to make the aggregate-demand curve shift further than it does due to an initial increase in government expenditures
a. True b. False Indicate whether the statement is true or false