To prevent monetary policy from becoming highly politicized, many countries have:
A. Made their central banks be politically independent
B. Put their central banks under the full control of their law-making agencies
C. Allowed the heads of their central banks to serve for very short terms
D. Made elected officials be the heads of their central banks
A. Made their central banks be politically independent
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Refer to the figure above. What is the domestic price of calculators in Barylia?
A) $10 B) $30 C) $40 D) $50
Fab Tools Inc can produce 150 widgets and 100 axes in a month. Another company AllMyTools Inc can produce 180 widgets and 50 axes per month. Which of the following statements is true?
a. Fab Tools has a comparative advantage in the production of widgets. b. Fab Tools has an absolute advantage in the production of both goods. c. AllMyTools has a comparative advantage in the production of widgets. d. AllMyTools has an absolute advantage in the production of both goods.