Multiple Choice
According to the principle of comparative advantage, if the United States trades with Mexico, most likely,
A) the United States will benefit and Mexico will lose.
B) neither of the countries will benefit.
C) both countries will benefit.
D) the United States will lose and Mexico will benefit.
Correct Answer:
Verified
Correct Answer:
Verified
Q51: Jelly beans and popcorn are substitutes. A
Q52: The Fed can change the federal funds
Q53: If the Fed makes an open market
Q54: At potential GDP<br>A) unemployment is at its
Q55: According to the quantity theory of money,<br>A)
Q57: Long-run macroeconomic equilibrium occurs when<br>A) real GDP
Q58: A decrease in the reserves of commercial
Q59: If the Fed makes an unexpected open
Q60: The Fedʹs instruments include<br>A) the structural budget
Q61: The main component of the current account