Suppose the average productivity of workers in Country A is equal to that of workers in Country B. If Country A has higher total efficiency units of labor than Country B, it implies that ________
A) Country B has a larger supply of workers B) Country A has a larger supply of workers
C) Country B has a larger stock of capital D) Country A has a larger stock of capital
B
Economics
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The most volatile type of capital flow is
a. direct investment b. long-term bank lending c. stock market purchases d. short-term bonds e. none of the above is very volatile
Economics
A country gains from international trade if its post-trade ________ point lies outside its production possibility frontier
A) production B) autarky C) consumption D) All of the above
Economics