The above figure shows the U.S. market for 1 carat diamonds. With free trade, Americans buy ________ diamonds and pay a price of ________ per diamond
A) 300,000; $4,000
B) 500,000; $4,000
C) 700,000; $3,000
D) 300,000; $3,000
E) 900,000; $2,000
E
Economics
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One reason for the recent increases in health care costs is the aging of the American population.
A. True B. False C. Uncertain
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The industrial revolution began around the year _____.
A. 1650 B. 1750 C. 1850 D. 1950
Economics
Special-interest programs are highly attractive to vote-seeking politicians because
What will be an ideal response?
Economics
The situation in which the difference in interest rates between two currencies is equal to the expected change in the spot rate over the same time period is known as:
A) covered interest arbitrage B) covered interest parity C) uncovered interest parity D) uncovered interest arbitrage
Economics