The demand curve shows the relationship between
A. the demand and supply schedules.
B. demand and supply equilibrium.
C. price and quantity demanded.
D. None of these choices are correct.
C. price and quantity demanded.
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We would not expect a Japanese financial asset and a U.S. financial asset with identical risk, liquidity, and information characteristics to have different expected returns because
A) the U.S. and Japanese governments have pledged themselves to avoid this outcome. B) traders would buy the asset with the higher expected yield and sell the asset with the lower expected yield until the yields were brought into equality. C) traders would sell the asset with the higher expected yield and buy the asset with the lower expected yield until the yields were brought into equality. D) the exchange rate between the dollar and the yen would adjust automatically to eliminate any difference in yields.
The labor force includes individuals who are: I. Employed II. Unemployed III. Discouraged workers
A) I only B) Both I and II C) Both I and III D) All I, II and III
Total surplus can be increased if:
A. new markets are created. B. new technology is banned. C. deadweight loss is increased. D. All of these can increase total surplus.
Refer to the information provided in Table 33.1 below to answer the question(s) that follow. Table 33.1
Refer to Table 33.1. Guatemala has
A. an absolute advantage and a comparative advantage in orange production. B. a comparative advantage but not an absolute advantage in orange production. C. an absolute advantage and a comparative advantage in banana production. D. a comparative advantage but not an absolute advantage in banana production.