Refer to the graph shown.If Countries X and Y face the production possibility curves A and B, respectively, Country X has a comparative advantage in the production of:

A. agricultural goods only.
B. neither agricultural goods nor industrial goods.
C. industrial goods only.
D. both agricultural goods and industrial goods.

Answer: C

Economics

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Which of the following sequences results from an increase in the price level?

a. the money demand curve shifts leftward, the interest rate decreases, investment spending and autonomous consumption increase, the aggregate expenditure line shifts downward and there is a leftward movement along the aggregate demand curve. b. the money demand curve shifts rightward, the interest rate increases, investment spending and autonomous consumption decrease, the aggregate expenditure line shifts downward and there is a leftward movement along the aggregate demand curve. c. the money demand curve shifts leftward, the interest rate increases, investment spending and autonomous consumption increase, the aggregate expenditure line shifts downward and there is a leftward movement along the aggregate demand curve. d. the money demand curve shifts leftward, the interest rate drops, investment spending and autonomous consumption decrease, the aggregate expenditure line shifts downward and there is a leftward movement along the aggregate demand curve. e. the money demand curve shifts rightward, the interest rate increases, investment spending and autonomous consumption increase, the aggregate expenditure line shifts downward and there is a rightward movement along the aggregate demand curve.

Economics

When shares of stock are sold for more than they are purchased, the difference received by the seller is referred to as:

A. a dividend. B. a capital gain. C. interest. D. economic profit.

Economics