A legislature that fishing nets to have holes large enough for young fish to avoid capture is a regulatory change aimed at increasing the likelihood of reaching sustainable fish populations
Indicate whether the statement is true or false
T
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The price of ________ in terms of ________ is referred to as the real exchange rate
A) foreign goods; foreign services B) domestic goods; the domestic currency C) domestic goods; foreign goods D) domestic goods; domestic services
When trade is free (unimpeded by government-instituted barriers) how are the patterns of trade and trade flows determined?
What will be an ideal response?
For which of the following goods is the income elasticity of demand likely lowest?
a. water b. sapphire pendant necklaces c. filet mignon steaks d. fresh fruit
Market economies with legal systems that provide for the reliable protection of property rights and enforcement of contracts tend to promote economic growth.
a. true b. false