If there are large disparities in wage levels between countries, then
A) trade is likely to be harmful to both countries.
B) trade is likely to be harmful to the country with the high wages.
C) trade is likely to be harmful to the country with the low wages.
D) trade is likely to be harmful to neither country.
E) trade is likely to have no effect on either country.
D
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Refer to the figure above. What is the equilibrium rate of interest when the credit demand curve is CD2 and the credit supply curve is CS1?
A) 3% B) 4% C) 5% D) 2%
In a balance of payments statement, the current account plus the financial account must equal the capital account
Indicate whether the statement is true or false
Contractionary fiscal
What will be an ideal response?
The principle of diminishing marginal utility states that people don't enjoy consuming more of a good.
Answer the following statement true (T) or false (F)