Manatee Mfg. is able to source parts for its refrigeration products from anywhere in the world because the United States does not place any quotas or limitations on the imports they need. this is a reflection of a _____ policy
Fill in the blank(s) with the appropriate word(s).
free trade
Economics
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What will be an ideal response?
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Which of the following should be held constant when calculating an income elasticity of demand?
a. the price of the good b. prices of related goods c. tastes d. All of the above should be held constant.
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The economy of North Korea would best be classified as:
a. A laissez-faire economy b. A command system c. A market system d. A capitalist economy
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The top of the business cycle is called:
A. a peak. B. a growth trend. C. a recession. D. an upturn.
Economics