Thanks Job creation rates, wages and GDP are increasing. The economy is: Enterin

Question

Thanks Job creation rates, wages and GDP are increasing. The economy is: Entering a recession Reaching a peak Stuck In a trough Headed toward a stagnation. According to the theory of comparative advantage: A nation should not try to specialize in producing goods and services which utilize the greatest abundance. A nation derives its comparative advantage from its unique combination of natural, human and resources. Seek an isolationist policy. Because of comparative advantage, all nations should try to produce everything they need other countries for imported goods. Nations engage in trade because of: Comparative advantage Nations do not produce all that they want or need Product differentiation All of the above If a bank makes a 30-year loan to a borrower at a 4.5 percent fixed rate of interest, and the rate of averages 6.0 over that 30-year period, the bank's real rate of interest would be: 1.5 percent -1.5 percent 0 percent A progressive income tax structure helps to slow the decline in aggregate demand during a recession the tax burden on firms and households rises as their incomes drop. the tax burden on firms and households falls as their incomes drop. the tax burden on firms doesn't change much as their incomes drop. the tax burden on firms and households is unpredictable as their incomes drop. The national debt is equal to: public debt not held by foreigners. all prior business debt. The sum of all prior years' deficits and surpluses all prior household deficits and surpluses consumer debt in the nation.

Explanation / Answer

1.B.Reaching a peak

2.B. A nation derives its comparative advantage from its unique combination of natural ,human and..resources

3.D. All of the above

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