Who gains in a voluntary trade?
What will be an ideal response?
both the buyer and the seller
Economics
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When the Fed makes bonds more or less attractive, it influences the:
A. Open market decision. B. Money multiplier. C. Portfolio decision. D. Reserve decision.
Economics
China has developed a comparative advantage in the production of children's toys. The source of this comparative advantage is
A) superior process technology. B) a large supply of natural resources. C) a large supply of unskilled workers and relatively little capital. D) investment in capital used to produce toys.
Economics