According to the above table, which assumes that opportunity costs of producing goods X and Y are constant, Holly has comparative advantage in production of

Forward contracts are of limited usefulness to financial institutions because

A) of default risk. B) it is impossible to hedge risk. C) they are relatively inflexible. D) of interest-rate risk.

If Year 1 is the base year, the growth of real GDP is approximately

A) 100%. B) 109.5%. C) 137.5%. D) 148%.