In the aftermath of the last financial crisis, critics of monetary policy argued that it was ineffective. The Federal Reserve had moved interest rates to historic lows without a significant stimulus effect. Some economists wondered if the United States was:

The Heckscher-Olin model uses differences in factor abundance to determine whether any nation has a comparative advantage in any good

a. True b. False Indicate whether the statement is true or false

A budget constraint shows

A. all of the possible combinations of goods that can be purchased with a specific budget. B. all of the combinations of sets of goods that yield the same level of satisfaction. C. all of the goods the consumer gets positive marginal utility from when the goods are consumed. D. all of the goods that a consumer substitutes for other goods when prices fall.