Which of the following is a gain from trade?
A. A higher price level for all trading countries.
B. A shorter workweek for all trading countries.
C. A level of self-sufficiency for all trading countries.
D. A higher standard of living for all trading countries.
Answer: D
You might also like to view...
Use the following figure to answer the next question. 
If box E represents government, box C businesses, and box A households, then flows (11) and (12) would represent
A. net taxes. B. government expenditures. C. resources. D. goods and services.
In thinking about the criteria for an ideal voting system, needing no dictator means:
A. one person cannot have the power to enact his or her own preferences. B. those in power must be forced to listen to the will of the people when enacting policy. C. the presence of pure democracy is needed, so everyone gets a vote. D. one person cannot have their preferences represented in what voters decide upon.
For which of the following environmental issues is property rights most relevant?
a. Greenhouse gas emissions b. Acid rain c. Endangered species d. Fresh water resources
Refer to the accompanying table. Based on their comparative advantage, Martha should specialize in making ________ while Julia should specialize in making ________. Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. cakes; pies B. both pies and cakes; neither pies nor cakes C. pies; cakes D. neither pies nor cakes; both pies and cakes