Questions and answers by

The global economy apply

Questions (15)

Which of the following statements about trade between Hollomantopia and Canineland is true?• the bornartopia dinos better of i
1. 1 answer
2. 30 views
Which of the following statements is true about comparative advantage?• Hollomantopia has the comparative advantage in
1. 1 answer
2. 30 views
Which of the following statements is true about absolute advantage?Hollomantopia has the absolute advantage in producing cat
1. 1 answer
2. 34 views
What would be the effect of an increase in the reserve requirement? (1 point)• Banks would make fewer loans because they would
1. 1 answer
2. 45 views
How are the members of the board of governors of the Federal Reserve System selected?(1 point) • They are elected by bank
1. 1 answer
2. 39 views
Which of the following is expansionary fiscal policy, such as a decrease in taxes or increase in government spending, likely to
1. 1 answer
2. 33 views
Which of the following requires legislation to be passed by the House and Senate AppropriationsCommittees? (1 point)
1. 1 answer
2. 35 views
Which of the following is a progressive tax? (1 point)• Income tax O Excise tax • Sales tax O Estate tax
1. 1 answer
2. 32 views
Which of the following is an example of cost-push inflation? (1 point)• Prices of exports decrease • War causes production
1. 1 answer
2. 45 views
Which of the following terms is defined by #6 on the chart?• Structural Unemployment • Cyclical Unemployment O Recessional
1. 1 answer
2. 28 views
Which of the following terms is defined by #5 on the chart?O Recessional Unemployment • Structural Unemployment O Cyclical
1. 1 answer
2. 25 views
Which of the following terms is defined by #4 on the chart?• Cyclical Unemployment • Structural Unemployment • Frictional
1. 1 answer
2. 27 views
Which of the following is a true statement about economic performance measurement? (1 point)• • Price changes have little
1. 1 answer
2. 50 views
Which of the following components is NOT included in the calculation of GDP using the expenditures approach? (1 point)•
1. 1 answer
2. 40 views
Which of the following goods would be included in the calculation of gross domestic product?(1 point) Used clothes sold at a
1. 1 answer
2. 49 views