The case for ________ is based on the theory of comparative advantage.

A. export subsidies
B. free trade
C. tariffs
D. quotas


Answer: B

Economics

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Country risk analysis involves a consideration of only economic factors

Indicate whether the statement is true or false

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Activists hold that

A) activist monetary policy is flexible. B) nonactivist monetary policy is inflexible. C) the economy does not always return quickly enough to full-employment output. D) a and b E) all of the above

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Mr. Garrison has recently obtained a bank card from South Park National Bank. Excited about the concept of using a little plastic card to get money from a machine, he quickly runs down to the nearest ATM and withdraws $500. This action has:

A. increased the money supply by $500. B. reduced the money supply by $500. C. reduced the bank's required reserves by $25 assuming the reserve ratio is 5 percent. D. not changed the money supply.

Economics

 Refer to the figure. In the market for medium cheese pizzas, the equilibrium price is

A. $0.50. B. $5. C. $8. D. $10.

Economics