When the economy slips into a recession, normally the demand for bonds ________, the supply of bonds ________, and the interest rate ________, everything else held constant

Refer to Figure 17-1. If Dale can sell her doilies at $2 each, what is the marginal product of the 5th worker?

A) $28 B) 28 doilies C) $56 D) 14 doilies

If Indiana has an absolute advantage over Maine in producing both corn and ball bearings, then

a. Indiana should produce both corn and ball bearings b. there are no benefits possible from specialization c. Maine should produce ball bearings and Indiana should produce corn d. Indiana should produce ball bearings and Maine should produce corn e. they still may benefit from specialization, but more information is needed to determine which state should specialize in each