The fundamental force that drives international trade is
A) absolute advantage.
B) importation duties and tariffs.
C) export licenses.
D) comparative advantage.
D
Economics
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If the Fed increases the required reserve ratio (RRR), then the banks must set aside ________(more/less) of their deposits
Fill in the blank(s) with the appropriate word(s).
Economics
In the United States at the end of 2012, the total money supply, M1, amounted to approximately
A) 16 percent of that year's GNP. B) 20 percent of that year's GNP. C) 30 percent of that year's GNP. D) 40 percent of that year's GNP. E) 50 percent of that year's GNP.
Economics