Assume that for Canada the opportunity cost of producing 1 television set is 2 bushels of wheat. Assume that for the U.S. the opportunity cost of producing 1 bushel of wheat is 2 television sets. All other things being equal:
A. Canada should export televisions and import wheat.
B. Canada should export wheat and import televisions.
C. the United States should export wheat and import televisions.
D. the United States should export televisions and import wheat.
B. Canada should export wheat and import televisions.
Economics
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The primary objective of the ECB is to:
A) promote economic growth. B) promote full employment. C) foster an equitable distribution of income. D) maintain price stability.
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In the ten year period 1981-1990, 1202 commercial banks were closed, with a peak of 206 failures in 1989. This rate of failures was approximately ________ times greater than that in the period from 1934 to 1980
A) two B) three C) five D) ten
Economics