Which of the following statements is true?
A) Each country as a whole is made better off as a result of international trade, but individuals within each country may be made worse off.
B) Within each country, some individuals are made better off as a result of international trade, but one of the countries will be worse off overall.
C) Although some individuals are made better off as a result of international trade, both countries may be made worse off overall.
D) All individuals in both countries are made better off as a result of international trade.
A
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Economists often refer to games with more than three players as
A) complex games. B) n-player games. C) games of infinity. D) global games.
The paper currency of the United States is issued by
A) state governments and the Fed. B) state governments and the U.S. Treasury. C) the U.S. Congress. D) the Fed.
The Economy Tomorrow article titled "Rebuilding America" states that
A. The nation currently spends less than 2 billion hours in traffic delays and it should decline over the next decade. B. The transportation system is keeping up with a growing economy. C. The transportation system is not keeping up with a growing economy. D. None of the choices are correct.
The current chair of the Board of Governors of the Federal Reserve is
A. Ben Bernanke. B. Alan Greenspan. C. Jerome Powell. D. Janet Yellen.