In macroeconomics, what describes a situation in which two people each want to exchange some good or service that the other can provide?
a. medium of exchange
b. double coincidence of wants
c. interrelated banking
d. the usefulness of money
b. double coincidence of wants
Economics
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Suppose that Far North Canadian Lumber, Ltd., sells lumber in Canada at a price of $1,000 per 1,000 board feet and exports the same lumber to the United States at a price of $600 per 1,000 board feet. U.S. Lumber, Inc., produces and sells lumber for $700 per 1,000 board feet in the United States. How large an antidumping duty will the United States apply to lumber imports from Far North Canadian Lumber, Ltd.?
a. $100 b. $200 c. $300 d. $400
Economics
What is the main difference between an instrument rule and a targeting rule? Be sure to define each
What will be an ideal response?
Economics