The circular flow diagram divides the economy into:
a. Winners and losers.
b. Real sector and nominal sector.
c. Domestic sector and foreign sector.
d. Agricultural sector and non-agricultural sector.
e. Producer sector and consumer sector.
.E
Economics
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Refer to Table 2-12. If the two countries specialize and trade, who should export canoes?
A) Honduras B) They should both be exporting canoes. C) Guatemala D) There is no basis for trade between the two countries.
Economics
Lower inflation is usually accompanied by
a. lower nominal interest rates b. lower real interest rates c. higher nominal interest rates d. higher real interest rates e. zero real interest rates
Economics