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Other Fields Homework Help Economics Topic started by: Annmarie on Feb 24, 2018



Title: The LM curve represents combinations of income and interest rate which :
Post by: Annmarie on Feb 24, 2018
The LM curve represents combinations of income and interest rate which
 
  A) clear the goods market.
  B) achieve the external equilibrium.
  C) clear the money market.
  D) achieve internal equilibrium.



Question 2 - Which of the following theorems predicts that trade benefits the abundant factors of a country and harms the scarce factors?
 
  A) The Stolper-Samuelson theorem.
  B) The Rybczynski theorem.
  C) The Heckscher-Ohlin theorem.
  D) None of the above.



Question 3 - The Single European Act was expected to create economic benefits by reducing the costs and risks of currency market transactions.
 
  Indicate whether the statement is true or false



Question 4 - The infant industry argument is that
 
  A) comparative advantage is irrelevant to economic growth.
  B) developing countries have a comparative advantage in agricultural goods.
  C) developing countries have a comparative advantage in manufacturing.
  D) developing countries have a potential comparative advantage in manufacturing.
  E) developing countries have no chance to compete with industrialized countries.


Title: The LM curve represents combinations of income and interest rate which :
Post by: Za_bby97 on Feb 24, 2018
[ 1 ]  C

[ 2 ]  A

[ 3 ]  FALSE

[ 4 ]  D


Title: The LM curve represents combinations of income and interest rate which :
Post by: Annmarie on Feb 24, 2018
This helps so much, thank you for responding so quickly...


Title: The LM curve represents combinations of income and interest rate which :
Post by: Za_bby97 on Feb 24, 2018
No worries, I was online and bored :lol: