1. According to David Ricardo, comparative advantage is determined by: A. exchange rate. B. net exports. C. labor productivity.   2. Three countries operate within a free trade area. One country proposes moving to a customs union structure. What additional level of economic integration between the countries would most likely arise if this change took… Read More


1. Two analysts make the following statements: Analyst 1: Monetary policy seeks to influence the macro economy by influencing the quantity of money and credit in the economy. On the other hand, fiscal policy involves the use of government spending and taxation to influence economic activity. Analyst 2: Fiscal policy seeks to influence the macro… Read More


1. Google’s stock price is increasing and reaches a price range wherein selling activity is expected to emerge that prevents further price increases. This situation is best described as a: A. resistance level. B. change in polarity point. C. support level.   2. Which of the following statements is most likely correct about put/call ratio?… Read More