If women are not allowed to own property or inherit wealth but men are, this is an example of comparative advantage.
Answer the following statement true (T) or false (F)
False
An inequality trap is a system of institutional barriers that impede human and physical capital investment, particularly by the poorest segments of society.
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Use the following graph, which shows the supply and demand for British pounds, to answer the next question.
D1 and S1 represent the initial demand and supply curves. What will be the new equilibrium point if there is an increase in consumer spending by the British on American products and a decrease in consumer spending by Americans on British products?
A. Point J B. Point C C. Point A D. Point H
Suppose velocity does not change. Then, in the long run, a growth rate of the quantity of money that exceeds growth in real GDP has what effect?
What will be an ideal response?
If the bidders at a first-price auction have true values of $8, $7, $6, and $5, the item will sell for
a. $8 b. $7 c. just over $8 d. just under $7
The short-run effect from a decrease in the lump-sum tax rate shifts the AE curve ________ and the AD curve _______.
A) downward; rightward B) downward; leftward C) upward; rightward D) upward; leftward