Which of the following is most likely to be an untraded good in a Ricardian two-country, multi-good model?

A) steel
B) textiles
C) haircuts
D) petroleum
E) telemarketer services

C

Economics

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The longer the time horizon of a project, the more important choosing the right discount rate is

a. True b. False

Economics

Suppose you found $2,000 hidden in your mattress and deposited it in a demand deposit account at your bank. If the reserve requirement was 25 percent, the deposit would directly create ____ in excess reserves and ultimately lead to a ____ total increase in the money supply, if all banks in the system lend out 100 percent of their excess reserves

a. $2,000; $8,000 b. $2,000; $6,000 c. $1,500; $8,000 d. $1,500; $6,000

Economics