Specializing in the production of a good or service in which one has a comparative advantage enables a country to do all of the following except
A) engage in mutually beneficial trade with other nations.
B) produce a combination of goods that lies outside its own production possibilities frontier.
C) consume a combination of goods that lies outside its own production possibilities frontier.
D) increase the variety of products that it can consume with no increase in resources.
B
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Suppose that interest rates unexpectedly rise and that FineLine Corporation announces that revenues from last quarter were down but not as much as the public had anticipated they would be down. According to the efficient markets hypothesis, which of the these things make the price of FineLine Corporation Stock fall?
a. both the interest rate rising and the revenue announcement b. neither the interest rate rising nor the revenue announcement c. only the interest rate rising d. only the revenue announcement
When trying to move the economy out of recession, the Republican Party is more likely than the Democratic Party to focus on
A. monetary policies. B. demand-side and supply-side policies. C. supply-side policies. D. demand-side policies.