To be as well off as possible, a nation should produce
a. only those goods that its populace desires.
b. the good within its productive capabilities that commands the highest price in the world market.
c. the good that requires the fewest resources to produce.
d. whatever good it can produce at a cost lower than that incurred by other nations.
d. whatever good it can produce at a cost lower than that incurred by other nations.
Economics
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If a significant portion of firms in the economy does not immediately adjust product prices, then the short-run aggregate supply curve
A) slopes downward. B) slopes upward. C) is horizontal. D) is vertical.
Economics
A change in perceived risk of a stock changes
A) the expected dividend growth rate. B) the expected sales price. C) the required rate of return. D) the current dividend.
Economics