One reason why nations trade is because
A. trading provides opportunities to earn profits.
B. the rate of interest is not the same in all countries.
C. resources are not equally distributed to all nations.
D. some nations like to build one thing while others like to build another.
Answer: C
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A movie monopolist sells to students and adults. The demand function for students is QdS = 600 - 100P and the demand function for adults is QdA = 1,200 - 100P. The marginal cost is $2 per ticket. Suppose the movie theater can price discriminate. What price per ticket does the theater charge adults to maximize profits?
A. $4 B. $7 C. $6 D. $12
In a perfectly competitive market, the goods offered for sale are all exactly the same
a. True b. False Indicate whether the statement is true or false
A financing gap is:
A. the difference in the amount of investment dollars coming in to a country and the amount of investment dollars going out of a country. B. the extra investment developing countries need in foreign aid to sustain their current rate of growth. C. the extra savings a country has beyond that needed to achieve sustainable growth. D. the difference between the savings rate within an economy and the amount of investment needed to achieve sustainable growth.
In many elections the Republican and Democratic candidates share remarkably similar views-so similar that independent candidates (who rarely win the elections) often enter elections to represent opposing views. How can the similarity between the Republicans and Democrats be explained?
What will be an ideal response?