Taxes, savings, and imports tend to magnify the effect of any spending change in the economy; that is, if investment spending initially increases, then spending will grow even more as taxes, savings, and imports increase, so the economic growth will accelerate.
Indicate whether the statement is true or false
Question 2
In our simple trade model, having a comparative advantage in a product implies that a country will specialize completely in the product
A) with the highest opportunity cost.
B) with the lowest opportunity cost.
C) where total output is lower per worker-hour.
D) where total output is greater per worker-hour.
The Seasonality Effect
Change in American Gender Attitudes, 1977-2006 Over recent decades, views of gender roles have beco
This chart illustrates the four quadrants in which we can place the relationships between the state
Desertification and Climate Change
Observed change in surface temperature from 1901 to 2012
Barenboim's study show the change in children's descriptions of their peers