In the simple liquidity preference model, changes to the money supply will have a smaller effect on interest rates the:
A. flatter, more elastic is the money demand curve.
B. flatter, less elastic is the money demand curve.
C. steeper, more elastic is the money demand curve.
D. steeper, less elastic is the money demand curve.
A. flatter, more elastic is the money demand curve.
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What are the items that make opportunity cost differ from the accountant's measure of cost?
What will be an ideal response?
According to the human skills theory
A) trade patterns depend upon a country's relative endowment of skilled workers. B) countries with large endowments of skilled labor will have comparative advantage in skilled labor intensive products. C) the Leontief paradox is explained by the fact that the United States is relatively skilled labor abundant. D) All of the above.