ECO 561 FINAL EXAM 2019

1. In the theory of comparative advantage, a good should be produced in that nation where: 2. The simple circular flow model shows that: 3. Suppose you have a limited money income and you are purchasing products A and B, whose prices happen to be the same. To maximize your utility, you should purchase A and B in such amounts that: 4. Contractionary fiscal policy is so named because it: 5. If the Federal Reserve System buys government securities from commercial banks and the public: 6. In o...