A country can gain by importing a good that it can make itself if
a. this enables the country to make another good in which it is extremely efficient.
b. it has an absolute disadvantage in the good.
c. this permits the country to establish comparative advantage in the good.
d. All of the above are correct.
a
Economics
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The figure above shows the loanable funds market. If the real interest rate is 10 percent, then
A) there is a shortage in the loanable funds market. B) the government must intervene in order to prevent a credit crisis. C) the interest rate must increase. D) savers will exit the market because of the high opportunity cost of saving. E) there is a surplus in the loanable funds market.
Economics
The longest and most severe recession in the United States since 1925 began in:
A. 1929. B. 1957. C. 1945. D. 1982.
Economics