Refer to Table 9-11. Which country has a comparative advantage in producing hats?
A) Denmark B) Belize C) both countries D) neither country
B
Economics
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The horizontal segment of the aggregate supply curve
a. shows that real GDP can increase only by affecting the economy's price level b. shows that real GDP can increase without affecting the economy's price level c. depicts a positive relationship between real GDP and the price level d. depicts a negative relationship between real GDP and the price level e. marks the full-employment level of real GDP
Economics
How do macroeconomists differ from microeconomists?
a. the basic tools of analysis b. the underlying principles c. the use of abstractions and models d. the problems studied e. All of the above are correct.
Economics