If a person has an absolute advantage in some activity, she must have a comparative advantage in that activity as well

Indicate whether the statement is true or false

FALSE

Economics

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If technological breakthroughs in the internet cause large numbers of firms to consider investment projects they hadn't previously thought of, then

A) a shift in the supply of loanable funds will cause interest rates to rise. B) a shift in the supply of loanable funds will cause interest rates to fall. C) a shift in the demand for loanable funds will cause interest rates to rise. D) a shift in the demand for loanable funds will cause interest rates to fall. E) there will be an excess supply of loanable funds.

Economics

From 2006 through August 2011, the US dollar fell in value from 8 Chinese Yuan to 6.4 Chinese Yuan. During that time we would say that relative to the US dollar, the Yuan has appreciated in value

a. True b. False

Economics