Discrimination can come from many groups of people, including employers and fellow employees.
Answer the following statement true (T) or false (F)
True
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How can a domestic producer determine whether or not it has a comparative advantage in the production of a good or service?
A) It cannot. B) by comparing the price it receives to the prices of other domestic producers C) by comparing the price it receives to the world price D) by comparing the quantity it produces to the quantity produced in the world E) by comparing the total domestic quantity to the total world quantity
Which of the following best explains why the behavior of an individual firm in an oligopoly is difficult to predict?
a. Each firm is interdependent. b. Each firm is a perfect competitor. c. There are a large number of firms. d. The price follower is difficult to identify.
Expansionary monetary policy, by increasing the money supply, also increases interest rates and recessionary gaps.
a. true b. false
As you move down the production possibility frontier, the absolute value of the marginal rate of transformation
A. increases. B. initially decreases, then increases. C. decreases. D. initially increases, then decreases.