The MPC + MPS must always equal
A. The APC.
B. 0.
C. 1.
D. The slope of the consumption function.
Answer: C
Economics
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In one day, Brandon can either plow 10 acres or plant 20 acres. In one day, Christopher can either plow 14 acres or plant 14 acres. Which of the following statements about comparative advantage is CORRECT?
A) Brandon has a comparative advantage in both plowing and planting. B) Brandon has a comparative advantage only in plowing. C) Brandon has a comparative advantage only in planting. D) Christopher has a comparative advantage in both plowing and planting.
Economics
Arbitrage opportunities exist when uncovered interest rate parity does not hold
Indicate whether the statement is true or false
Economics