Between two countries, comparative advantage is found by comparing the:
a. relative costs of production in each country.
b. absolute costs of production in each country after accounting for inflation.
c. labor hours required to produce a bundle of products in each country.
d. level of interest rates in each country.
e. shipping and transportation costs of each country.
a
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According to this Application, the Fed responded to the financial crisis by continuing to develop new programs. One example of this was its announcement that it would now purchase commercial paper, which is the short-term debt of corporations
This is an example of the Fed acting as a A) unit of account. B) store of value. C) medium of exchange. D) lender of last resort.
A merger of a firm and its supplier is called
A. a vertical merger. B. a horizontal merger. C. a conglomerate merger. D. a direct merger.