Trade restrictions
A. Reduce the gains from trade for the country as a whole.
B. Increase the gains from trade for poor countries.
C. Increase the standard of living for the country as a whole.
D. Reduce the number of hours employees must work.
Answer: A
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Under rate-of-return regulation, natural monopolies must use
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The ratio between the percentage change in the quantity demanded (Qd) or supplied (Qs) and the corresponding percentage change in price is called:
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