Exchange rate crises are only associated with fixed exchange rate systems

As the circular flow model points out, a choice that households make is how

A) many resources a firm will hire. B) many goods and services are produced. C) many goods and services are purchased. D) much labor is hired. E) much the government will collect in taxes and how much the government will spend on transfer payments.

Comparative advantage matters most in determining the efficient distribution of production over the world

a. True b. False Indicate whether the statement is true or false