Refer to Table 7-4. Fill in the following table with the opportunity costs of producing light bulbs and flash drives for Mexico and Canada

Light Bulbs Flash Drives
Mexico
Canada

What will be an ideal response?

Light Bulbs Flash Drives
Mexico 0.25 4
Canada 4 0.25

Economics

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The breakdown of the Bretton Woods system occurred because

a. the world economy was basically unhealthy b. the collapse of world gold production undermined the operation of the system c. the gold value of the dollar exceeded the exchange value, causing an outflow of the gold d. the dollar was undervalued e. of the greed of the highly industrialized and wealthy countries of the world

Economics

The main source of profit for financial institutions is: a. their ownership of stocks in commercial corporations

b. their ownership of real assets received in foreclosures on loans to households. c. the fees charged for holding and servicing checking accounts. d. the difference between interest paid on deposits and interest received on loans. e. the difference between the cost of creating new money and the interest paid on loans.

Economics