Refer to Figure 17-1. If the wage rate is $40, how many workers should Dale hire?

The interest-rate effect is the impact on real GDP caused by the direct relationship between the interest rate and the:

a. price level. b. exports. c. consumption. d. investment.

It seems evident that countries would have an advantage in producing those goods that use relatively large amounts of their most abundant factor of production

a. True b. False Indicate whether the statement is true or false