Either OR Decision
What will be an ideal response?
- Choose A if (MBa - MCa) > (MBb-MCb)
- If MB's =, choose one with lowest MC
- If MC's =, choose one with highest MB
- "Mutually Exclusive" (new book vs. old)
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A hike in the federal funds rate results in ________ in the real interest rate which leads to a ________ in investment
A) an increase; a decrease B) a decrease; a decrease C) a decrease; an increase D) a decrease; no change E) an increase; an increase
International Economists cannot discuss the effects of international trade or recommend changes in government policies toward trade with any confidence unless they know
A) their theory is the best available. B) their theory is internally consistent. C) their theory passes the "reasonable person" legal criteria. D) their theory is good enough to explain the international trade that is actually observed. E) their theory accounts for China's unique position in international trade.