Which of the following is not a result of specialization and trade based on comparative advantage?
A. Increasing total employment
B. Higher combined output
C. Higher consumption and standard of living
D. Consuming combinations of products outside their PPFs
Answer: A
Economics
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Other things constant, if there is an increase in the demand for goods now compared to goods in the future, we would expect that the
a. real interest rate would decline. b. capital investment rate would decline. c. current rate of saving would increase. d. real interest rate would rise.
Economics
A country is said to be experiencing inflation when
A. total output is rising over time. B. total output is falling over time. C. prices of most goods and services are falling over time. D. prices of most goods and services are rising over time.
Economics