As a result of the 2008-2009 financial crisis and the decrease in GDP in many European economies, we would expect
A) an increase in the demand for U.S. exports and a leftward shift in the demand curve for dollars.
B) a decrease in the demand for U.S. exports and a leftward shift in the demand curve for dollars.
C) a decrease in the demand for U.S. exports and a rightward shift in the demand curve for dollars.
D) a decrease in the demand for U.S. imports and a movement up along the demand curve for dollars.
Question 2
An economy produces only food and shelter. There are two individuals in the economy: Bill and Mary. Mary's opportunity cost of producing 1 unit of shelter is 2 units of food. Bill's opportunity cost of producing 1 unit of shelter is 4 units of food.
A) Bill has a comparative advantage over Mary in the production of shelter.
B) Mary has a comparative advantage over Bill in the production of food.
C) Mary has a comparative advantage over Bill in the production of shelter.
D) Bill has an absolute advantage over Mary in the production of shelter.
Object and Word Recognition After Vertices Have Been Eliminated (Adapted from Szwed, M., Cohen, L, Q
The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
Post-Communist Economies
Oil supply and prices affect the economies of nations
Investment in Computers as a Percentage of GDP, 1982–2009
Top Eleven Countries in Year 2009 According to Three Different Measures