Which of the following is NOT a reason why countries trade goods with one another?
a. differences in technology used in different countries
b. differences in countries' total amount of resources
c. the proximity of countries to one another
d. differences in countries' languages and cultures
Ans: d. differences in countries' languages and cultures
Economics
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In 2002, a majority of black single parents had never been married
Indicate whether the statement is true or false
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Write out the expression for the Taylor rule. Use the Taylor rule to explain how a decline in real GDP below potential GDP will affect the Federal Reserve's target for the federal funds rate
What will be an ideal response?
Economics