During World War II, prisoners of war used ________ as money
A) chocolate B) cigarettes C) bullets D) cowrie shells
B
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Which of the following is true?
i. Comparative advantage drives international trade. ii. Compared to a no-trade situation, imports make domestic producers better off. iii. Tariffs lower the domestic price of imported goods. A) Only i B) Only ii C) Only iii D) i and ii E) i and iii
Subtracting government investment from government purchases gives us the amount of government
A) outlays. B) primary expenditures. C) secondary spending. D) consumption expenditures.
On January 25, 2009, one U.S. dollar traded on the foreign exchange market for about 3.33 Romanian new lei. Therefore, one Romanian new lei would have purchased about ________ U.S. dollars
A) 0.30 B) 1.86 C) 2.86 D) 3.33
In the real world:
A. businesses can easily identify different groups' willingness to pay, so price discrimination is prevalent in every market. B. price discrimination is practiced less today than it was in the mid-1900s. C. perfect price discrimination is impossible. D. price discrimination has only been observed where monopolies are present.