Demand for U.S. dollars by speculators is likely to increase if the dollar is expected to depreciate in the near future

The government expenditure multiplier reflects the magnification on ________ from a change in government expenditure on goods and services

A) tax receipts B) aggregate demand C) aggregate supply D) the budget deficit E) potential GDP

Refer to Table 2-21. This table shows the number of labor hours required to produce a digital camera and a bushel of wheat in China and South Korea

a. Which country has an absolute advantage in the production of digital cameras? b. Which country has an absolute advantage in the production of wheat? c. What is China's opportunity cost of producing one digital camera? d. What is South Korea's opportunity cost of producing one digital camera? e. What is China's opportunity cost of producing one bushel of wheat? f. What is South Korea's opportunity cost of producing one pound of wheat? g. If each country specializes in the production of the product in which it has a comparative advantage, who should produce digital cameras? h. If each country specializes in the production of the product in which it has a comparative advantage, who should produce wheat?