Suppose big country can produce 80 units of x by using all its resources to produce x or 60 units of y devoting all its resources to y. comparable figures for small nation are 60 units of x and 60 units of y. assuming constant costs, in which product should each nation specialize? explain why. what are the the limits of the terms of trade between these two countries? how would rising cost (rather than constant costs) affect the extent of specialization and trade between these two countries?

Which ranks these careers that employers are most likely to hire from the least to the greatest?

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?