Which of the following will result from an epizootic affecting sheep reared for wool?
a. The epizootic would lower people's preference for woolen clothes.
b. The price of new woolen clothes would rise.
c. The epizootic would lower people's preference for synthetic coats.
d. The production of new woolen clothes would rise.
B
Economics
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An increase in government spending
What will be an ideal response?
Economics
The idea that nations in a currency union will have fewer trade barriers or other frictions may have the dual effect of:
A) increased integration and more risk of debt default. B) increased political harmony and less risk of asymmetric shocks. C) economies of scale and specialization as well as higher risk of asymmetric shocks. D) economic growth and an increase in environmental degradation
Economics