The central reason why there are gains from international trade is because
A. trading allows otherwise unemployed people to have jobs.
B. the rate of interest is not the same in all countries.
C. resources are not equally distributed to all nations.
D. those nations with absolute advantages in producing many goods can produce all of those goods at lower opportunity costs than other countries.
C. resources are not equally distributed to all nations.
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You have two options for how to spend the afternoon. You can either go see a movie with your roommate or work as a tutor for the Math Department. From experience, you know that going to see a movie gives you $20 worth of enjoyment, and with your student discount, a movie ticket only costs $12. If you spend the afternoon working as a math tutor, you will get paid $45. On a typical day, you wouldn't be willing to spend the afternoon working as a math tutor for less than $35. What is your opportunity cost of seeing a movie this afternoon?
A. $57 B. $8 C. $12 D. $22
The fact that when the price of a good goes down, people buy more of it is called
A. the law of supply. B. the law of demand. C. ceteris paribus. D. market equilibrium.
Explain the reasoning behind why employment could increase for domestic-born workers if immigrant workers become complementary resources rather than substitute resources
What will be an ideal response?
Discuss HSBC bank crimes and the punishment it received. Explain why the Assistant U.S. Attorney General decided on a weak punishment.
What will be an ideal response?