In the last few decades, there has been:
A. very little growth in free trade worldwide.
B. no growth in free trade worldwide.
C. a decline in free trade worldwide.
D. great growth in free trade worldwide.
Answer: D
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Explain how new technologies, which increase productivity, affect the average variable cost, average total cost, and marginal cost curves
What will be an ideal response?
Which of the following distinctions does not help to explain the difference between relevant and irrelevant cost?
A) historical vs. replacement cost B) sunk vs. incremental cost C) variable vs. fixed cost D) out-of-pocket vs. opportunity cost E) All help to explain the difference.
A good example of a merit good is
a. community colleges b. national security c. lighthouse d. sewer systems e. traffic lights
Ceteris paribus, if the Fed reduces the discount rate, then:
A. The incentive to borrow funds increases. B. Required reserves decrease. C. The money multiplier increases. D. Total reserves decrease.