If the United States is a net importer of bananas, free trade will benefit the
A. rich citizens of the Unite States.
B. domestic banana producers.
C. poor citizens of the United States.
D. domestic banana consumers.
Answer: D
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If a commodity is inexpensive and its total utility is great,
A. it is an inferior good. B. it is plentiful. C. its marginal utility is high. D. the ratio of price to marginal utility is very high.
In 2018, the poverty threshold for a family of four in the United States was $24,755.
Answer the following statement true (T) or false (F)
Compare the macroeconomic performances in the 1990s of the following countries under the following exchange-rate regimes: floating exchange rates, Mexico and Brazil; capital control, China and Malaysia; and currency boards, Estonia and Hong Kong;
dollarization, Argentina.
An automobile insurance company that writes millions of policies is practicing a form of:
A. eliminating systematic risk. B. spreading risk. C. mutual fund. D. hedging risk.