A budget deficit
a. changes the supply of loanable funds.
b. changes the demand for loanable funds.
c. changes both the supply of and demand for loanable funds.
d. does not influence the supply of or the demand for loanable funds.
a
Economics
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If a person has an absolute advantage in some activity, she must have a comparative advantage in that activity as well
Indicate whether the statement is true or false
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If Britain, at the point where it is currently producing, must give up the production of 75 hats to produce 25 additional sweaters, the opportunity cost of producing 3 hats is _______ sweater(s).
A) 1 B) 3 C) 22 D) 28
Economics