Which of the following factors is least likely to affect what goods and services countries end up trading in the international market?
a. International trade tariffs
b. Government debt levels
c. Comparative advantages
d. Differences in tastes
e. Different technological needs
b
Economics
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Refer to the scenario above. Which of the following statements is true about the model?
A) The model is not based on any assumption. B) The predictions of the model will hold for every individual. C) The model describes the economic payoff of more education. D) The model can be applied for maximum 10 years of additional education.
Economics
The aggregate production function shows how ________ varies with ________
A) leisure time; labor B) labor; leisure time C) real GDP; labor D) labor; capital
Economics