The steeply upward sloping yield curve in the figure above indicates that ________ interest rates are expected to ________ in the future

Let C = 150 + 0.5y and I = 45. At the equilibrium level of income, y*, the level of saving is

A) 45. B) 75. C) 105. D) 150.

When free international trade takes place, in accordance with a country's comparative advantage,

a. producers in export industries are likely to favor it because they sell a larger quantity at identical prices b. producers in export industries are likely to oppose it because they sell a larger quantity, which lowers prices in accordance with the laws of supply and demand c. producers in import industries are likely to favor it because they sell a larger quantity at only slightly depressed prices d. export industry workers are likely to favor it, import industry workers are likely to hate it e. consumers are likely to be of two minds: they hate the more expensive import goods, but they love the cheaper export goods