In the last few decades, there has been:
A. great growth in free trade worldwide.
B. very little growth in free trade worldwide.
C. a decline in free trade worldwide.
D. no growth in free trade worldwide.
A. great growth in free trade worldwide.
You might also like to view...
If the price of Pepsi decreases, all else held constant, then we'd expect to see a consequent shift of the demand curve for
A. Pepsi to the right. B. Coke to the right. C. Coke to the left. D. Pepsi to the left.
To a seller, the cost of a good or service is ________, and the price is ________
A) what must be given up to produce the good or service; what is received for the good or service B) what is received for the good or service; what must be given up to produce the good or service C) the producer surplus the seller receives; the consumer surplus the buyer receives D) the producer surplus the buyer receives; the consumer surplus the seller receives E) None of the above answers is correct.
The monetary base is equal to the sum of coins,
A) currency and banks' reserves at the Federal Reserve. B) currency and checkable deposits at banks. C) currency, banks' reserves at the Federal Reserve and checkable deposits at banks. D) and checkable deposits at banks. E) U.S. government securities owned by the Federal Reserve and Federal Reserve notes.
If the price is $12 per pizza, the perfectly competitive firm in the above figure is
A) making an economic profit. B) making zero economic profit. C) incurring an economic loss. D) More information about the firm's total cost is needed to determine if the firm has a positive economic profit, zero economic profit, or an economic loss.