Use national demand and supply curves to show (a) the incentives for trade to begin between nations. (b) the effect on the likely pattern of trade of a change in technology in A that causes A's national supply curve to shift out
(c) the effect on the likely pattern of trade of a change in tastes in B in favor of good S.
(a) Trade is likely to occur along the lines of comparative advantage.
(b) An increase in supply of S in A will cause A to export more S (import less S).
(c) An increase in demand for S in B will cause B to import more S (export less S).
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Which of the following is NOT an obstacle to economic development?
A) lack of entrepreneurship B) political instability C) corruption D) a central bank
A price-discriminating monopolist having identical costs in two markets should charge a higher price in that market
a. which has a higher demand. b. which has a more elastic demand. c. which has a less elastic demand. d. which has a higher marginal revenue.
Which of the following will result as part of the interest rate effect when the price level rises? a. Households and firms increase their holdings of money
b. Interest rates will increase. c. A lower quantity of real GDP will be demanded. d. All of the above will result as part of the interest rate effect when the price level rises.
Refer to the information provided in Figure 13.4 below to answer the question(s) that follow. 
Figure 13.4Refer to Figure 13.4. If this firm is producing the profit-maximizing quantity and selling it at the profit-maximizing price, the firm's profit will be
A. $0. B. $88. C. $154. D. $242.