Which of the following reasons for international specialization best explains why many small-population countries import automobiles from Japan, the U.S., and Germany rather than produce them domestically?

An increase in the interest rate, other things constant, will: a. shift the demand for loanable funds curve to the right. b. shift the demand for loanable funds curve to the left. c. decrease the quantity of loanable funds supplied

d. decrease the quantity of loanable funds demanded. e. shift the supply of loanable funds curve to the right.

Economic growth

A. Shifts the aggregate supply curve to the left in the long run. B. Involves reduced capacity in the short run. C. Is measured using real GDP. D. Shifts the production possibilities curve inward.