The law of comparative advantage applies to exchange between
a. individuals.
b. regions.
c. nations.
d. all of the above.
D
Economics
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If you have $5000 and the GDP deflator decreases from 100 to 80
A) the $5000 will buy 20 percent more of the goods and services produced by society. B) the value of the $5000 remains constant. C) the $5000 will buy 20 percent less of the goods and services produced by society. D) the value of the $5000 decreases.
Economics
What is the present value of $10,000 to be received after one year, if the current annual rate of interest is 6%?
A) $8,644.26 B) $8,922.34 C) $9,433.96 D) $10,000
Economics