International trade is most likely to occur wheneve
A) one of the trading nations is self-sufficient
B) all of the trading nations are self-sufficient
C) one of the trading nations gains from trade
D) each of the trading nations gains from trade
E) labor is cheaper abroad
Answer: D) each of the trading nations gains from trade
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Refer to the table below. What is the probability of selling less than 24 cakes?
The above table shows the probability distribution of cake sales at Busy Betty's Bakery.
A) 0.00
B) 0.10
C) 0.90
D) 0.80
The total value of all outstanding federal government securities is
A) a flow variable. B) the budget deficit. C) total personal wealth. D) none of the above.
When the market estimate of a company's riskiness decreases the market adjusts by
a. having the supply of that bond increase. b. having the supply of that bond decrease. c. having the demand for that bond increase. d. having the demand for that bond decrease.
The principle of “comparable worth” asserts that people with comparable, if not identical, skills and responsibilities should receive the same pay. If this principle were to become law, it would tend to
A. reduce the problem of the “cost disease of services.” B. exacerbate the problem of the “cost disease” of the service sector. C. be irrelevant to the “cost disease” problem. D. eliminate the problem of externalities.