The differences in the ratios of exports to GDP across countries are believed to be caused primarily by
A) trade barriers.
B) each country's size.
C) monetary policy.
D) fiscal policy.
E) inflation in the domestic country.
B
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A government policy that lets individuals put away money for retirement tax-free will
A) shift the demand curve for loanable funds rightward. B) crowd out private investment. C) shift the supply curve of loanable funds to the right. D) induce people to save less at any interest rate.
A firm's marginal resource cost curve is
a. horizontal only if the firm is a price taker in the product market b. horizontal only if the firm is a price taker in the resource market c. vertical only if the firm is a price taker in the product market d. vertical only if the firm is a price taker in the resource market e. horizontal only if the firm is a price taker in both the product and resource markets