In the United States, Texas ranks number one in the amount of installed megawatts for wind power generation and Florida ranks number one in the number of beach vacations. These facts point out that
A) Texas has a comparative advantage in wind power generation.
B) Texas definitely has an absolute advantage in wind power generation.
C) Florida should produce more wind energy.
D) Florida can produce wind energy at a lower opportunity cost than can Texas.
A
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Of the $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009, approximately one-third took the form of ________ and two-thirds took the form of increases in ________
A) treasury bond purchases; the money supply B) tax rebates; tax cuts C) tax cuts; government expenditures D) discretionary government spending; transfer payments
The Fed, when operating efficiently, is able to control both the money supply and the interest rate at the same time
Indicate whether the statement is true or false