It is possible for China to have an absolute advantage over Japan in the production of rice, but not a comparative advantage over Japan in its production

Indicate whether the statement is true or false


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Economics

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If the cross elasticity of demand between goods A and B is negative

A) the demands for A and B are both price elastic. B) the demands for A and B are both price inelastic. C) A and B are complements. D) A and B are substitutes.

Economics

Money is always neutral. This statement is most likely to be made by a proponent of the

a. new Keynesian model. b. monetarist model. c. real business cycle model. d. classical model. e. both c and d.

Economics

If a firm’s fixed cost (overhead) increases, what happens to its profit-maximizing price and output?

What will be an ideal response?

Economics

A group of stocks of individual firms that are placed into one investment pool by an investment company is commonly known as a:

a. pooled stock venue. b. stock clump. c. stock agreement. d. mutual fund. e. maximal diversified investment (MDI).

Economics