If the United States is a net importer of bananas, free trade will benefit the
A. rich citizens of the Unite States.
B. poor citizens of the United States.
C. domestic banana consumers.
D. domestic banana producers.
Answer: C
You might also like to view...
Explain the issues involved with the Fed acting as a lender of Last Resort (LLR)
What will be an ideal response?
Because economists understand what things change GDP, they can predict recessions with a fair amount of accuracy
a. True b. False Indicate whether the statement is true or false
At a market clearing price
A. the quantity demanded will just equal the quantity supplied. B. there will be a tendency for price to rise over time. C. there will be an excess quantity demanded. D. the demand function will shift outward.
Refer to the above figure. Suppose the economy's initial equilibrium is represented by the intersection of LRAS1 and AD1. Suppose there is a persistent reduction in labor force participation, which reduces total planned production at any given price level. The resulting change in the economy's long-run equilibrium position would be represented by a
A. movement from C to A. B. movement from B to C. C. movement from A to C. D. movement from A to B.