Refer to the table above. Which of the following is likely to be true in this case?
A) Laborland's terms of trade will improve.
B) Laborland's economy will go into a recession.
C) There will be a surplus in Laborland's financial account.
D) There will be a deficit in laborland's financial account.
C
Economics
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Refer to Scenario 14-2. As a result of Kristy's deposit, Bank A can make a maximum loan of
A) $2,000. B) $8,000. C) $10,000. D) $50,000.
Economics
The most important determinant of the price elasticity of demand for a good is
A) the share of the good in the consumer's budget. B) whether the good is a necessity or a luxury. C) the definition of the market for a good. D) the availability of substitutes for the good.
Economics