When both exports and imports are considered, the major advantage of international trade is that it allows us to
a. seclude ourselves from foreign products.
b. consume a larger, more diverse quantity of goods and services at lower prices than would otherwise prevail.
c. benefit at the expense of less-developed nations
d. maintain jobs for workers who would otherwise have little to do.
B
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Figure 36-5
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Which of the graphs in Figure 36-5 are consistent with an appreciation of the U.S. dollar caused by an increase in U.S. interest rates?
A. 1 B. 2 C. 3 D. 4
The proposition that the price of a resource is expected to rise at a rate equal to the interest rate is called the
A) discounted present value. B) derived demand for productive resources. C) diminishing marginal revenue product. D) Hotelling Principle.
Refer to Scenario 5.7. As a risk-neutral executive, Natasha
A) is indifferent between projects D and E. B) prefers project E to project D, but do not necessarily consider E the best. C) prefers project E to all other projects. D) seeks the highest "profit if successful" of all the projects. E) seeks the project with the most even odds.
This table shows individual demand schedules for a market.
According to the table shown, if the price were $0.50, what will total demand by Betty and Barney be?
A. 18
B. 36
C. 75
D. 47