Comparative advantage is the ability of a country to produce a good at a ________ opportunity cost relative to other countries
a. higher
b. lower
c. equivalent
d. none of the above
b
Economics
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If prices of goods and services are inflexible, then:
A. A negative demand shock would lead to increased real GDP in the short run B. A positive demand shock would lead to increased real GDP in the short run C. A negative demand shock would have no short-run effect on real GDP D. There would be no short-run demand shocks
Economics
If interest rates rise in the United States, what effect does this have on the value of the U.S. dollar?
What will be an ideal response?
Economics