Answer:
In an office, every employee has an absolute and comparative advantage depending on the type of work he/she is best at.
In Hector's office, the employee Sasha worked as a computer designer and was excellent in her work. This means that the employee Sasha had an absolute and comparative advantage as she was efficient in her work and hence, there was no opportunity cost of her side of work.
The employee, Maurice was best in logo designing. Hence, he had a absolute and comparative advantage as he was good in logo designing and their was no other opportunity cost for his work.
Answer:
Increased demand for cotton from the Americans led to
Explanation:
Answer:
its plot!!
Explanation:
i took the quiz, and plot is correct!
Answer:
correct option is D raise the fed funds rate by 0.5% if inflation rises 1% above its target of 2%
Explanation:
solution
Taylor Rule is invented in 1992 and it is interest rate forecasting model
As the product of John Taylor Rule is the 3 number
- interest rate
- inflation rate
- GDP rate
and Taylor rule is that when GDP is equal to potential GDP and inflation rate is at its target rate of 2%
and the federal funds target rate should be 4%
so we can say here correct option is D raise the fed funds rate by 0.5% if inflation rises 1% above its target of 2%
Answer:
What?
Explanation:
What are people supposed to answer?