_____________ advantage can be the result of a country’s natural endowment.
a. Absolute
b. Real
c. Focused
d. Micro
a. Absolute
Absolute advantage can be the result of a country’s natural endowment.
Economics
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Consumption has fallen substantially in Techland due to pessimism among households. What will be the outcome if a contractionary monetary policy is adopted during this period?
What will be an ideal response?
Economics
Going from left to right on the aggregate demand curve, real GDP _____.
(A) Falls as price level falls (B) Rises as price level rises (C) Rises as price level falls (D) Falls as price level rises
Economics