Refer to Table 2-5. Does either Estonia or Finland have an absolute advantage and if so, in what product?
A) Estonia has an absolute advantage in lumber.
B) Finland has an absolute advantage in both products.
C) Finland has an absolute advantage in lumber.
D) Estonia has an absolute advantage in cell phones.
B
Economics
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Anticipated inflation is associated with cost increases which are fully expected
Indicate whether the statement is true or false
Economics
Other things equal, a decrease in the price level will:
A. shift the aggregate supply curve to the left. B. shift the aggregate demand curve to the left. C. cause a movement up a short-run aggregate supply curve. D. cause a movement down an aggregate supply curve.
Economics