Why is there often resistance to free trade?
A. Free trade does not benefit the economy as a whole.
B. Free trade usually hurts consumers.
C. Specific groups may be hurt by free trade.
D. Free trade does not benefit the global economy.
Answer: C
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When a government prints money to finance its expenditures, it is likely to cause
A) unemployment. B) inflation. C) deflation. D) reductions in the use of barter.
A demand curve shows the relationship between price and quantity demanded only so long as all other things are held constant
a. True b. False Indicate whether the statement is true or false
Which of the following is a correct statement about a Nash equilibrium in a two-player game?
A. A Nash equilibrium is always unique in real-world problems. B. The joint payoffs of the two players are highest compared to other strategy pairs. C. Given another player's strategy, no player can improve her welfare by unilaterally changing her strategy. D. All of the statements associated with this question are correct.
Which of the following is most likely to be sold in an oligopoly market?
A. cotton B. electricity supply in a small town C. pizza D. wireless service with a few suppliers