Which of the following is most likely to be an example of causation?
A) A student wins money by scratching a ticket with a particular coin. He decides to scratch all tickets with the same coin in the future.
B) A soccer player scores 4 goals when he wears red socks. He concludes that the red socks helped him score the goals.
C) A firm producing CFLs installs new machinery. The per-day production of CFLs increases.
D) The crime rate is high in a country. The literacy rate is high as well.
C
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If expected inflation decreases does the short-run Phillips curve shift? If so, what direction does it shift? Does the long-run Phillips curve shift? If so, what direction does it shift?
Figure 18.2Refer to Figure 18.2. Macadamia has a comparative advantage in the production of:
A. fishing poles. B. spears. C. both spears and fishing poles. D. neither spears nor fishing poles.