Which of the following would increase the total amount of trade in the world?
A. trade deflection
B. rules of origin
C. trade retention
D. trade diversion
Answer: A
You might also like to view...
The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Joshua has decided that he will only purchase a one-year Treasury bill with a face value of $500,000 if he receives an interest rate of 6.25%. How much will Joshua end up paying for this Treasury bill?
A) $439,338 B) $468,750 C) $470,588 D) $531,250
One important factor that affects economic growth is
A) gold reserves. B) the rate of saving. C) which political party is in power. D) the number of workers in heavy industry.
Which of the following correctly describes price discrimination?
a. Selling different products to different people for the same price. b. Selling different products to identical people for different prices. c. Selling the same product to different people for different prices. d. Selling the same product to the same person for the same price.