Economic restructuring that takes place as a result of opening to trade with other countries
A) contradicts the idea of gains from trade.
B) causes some trading activity to be zero sum.
C) worsens the nation's allocation of resources.
D) improves the nation's allocation of resources.
D
You might also like to view...
For a perfect competitor, marginal revenue equals
A) the slope of the demand curve. B) average revenue divided by price. C) price divided by average revenue. D) the market price.
The determination of prices in the market for automobiles is primarily a concern of: a. positive economics
b. normative economics. c. microeconomics. d. macroeconomics.
Special savings accounts that individuals would pay into and then use to pay for medical expenses (or use to purchase a catastrophic health insurance policy) are called
a. Medicare accounts. b. comprehensive insurance plans. c. medical savings accounts. d. Health Maintenance Organizations (HMOs).
What is the future value of $750 one year from today if the interest rate is 2.5 percent?
a. $766.50 b. $768.75 c. $770.23 d. None of the above are correct to the nearest cent.