If the interest rate is above the equilibrium interest rate, then
A) there is an excess demand for money.
B) the quantity of money demanded exceeds the quantity supplied.
C) people will sell bonds and the interest rate will fall.
D) people will buy bonds and the interest rate will fall.
D
Economics
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Refer to Table 2-9. Does either Japan or Thailand have an absolute advantage and if so, in what product?
A) Thailand has an absolute advantage in rice. B) Japan has an absolute advantage in wristwatches. C) Japan has an absolute advantage in rice. D) Thailand has an absolute advantage in both products.
Economics
If a country produces only two goods, then it is not possible to have an absolute advantage in the production of both goods
Indicate whether the statement is true or false
Economics