Which of the following is an important ingredient for the achievement of efficient economic organization?
a. highly restrictive exchange rate controls
b. secure property rights and political stability
c. high and variable rates of inflation
d. high marginal tax rates
B
Economics
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A vertical long-run aggregate-supply curve represents
a) both the classical dichotomy and monetary neutrality. b) the classical dichotomy but not monetary neutrality. c) neither the classical dichotomy nor monetary neutrality. d) monetary neutrality but not the classical dichotomy.
Economics
According to Ricardo, a country will have a comparative advantage in the product in which its
A) labor productivity is relatively low. B) labor productivity is relatively high. C) labor mobility is relatively low. D) labor mobility is relatively high. E) labor is outsourced to neighboring countries.
Economics