All of the macroeconometric models currently in use
A) originate in the United States.
B) incorporate rational expectations into their predictions.
C) originate with government or international agencies.
D) originate with commercial firms who sell their forecasts to other firms and governments.
E) none of the above
E
Economics
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In monopolistic competition, the products of different sellers are
A) identical. B) similar but slightly different. C) unique without any close or perfect substitutes. D) perfect substitutes. E) either identical or differentiated.
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What is the Heckscher-Ohlin theorem? Using the case studies in the chapter on U.S. trade with China describe the theory and the resulting trade patterns that would support it
What will be an ideal response?
Economics