Refer to Table 9-11. If the actual terms of trade are 1 hat for 1.8 clocks and 150 hats are traded, how many hats will Belize gain compared to the "without trade" numbers?
A) -100 B) 0 C) 150 D) 250
C
You might also like to view...
In conditions of monopolistic competition,
a. each firm charges the same price. b. there are only two producers. c. there are many firms. d. products are identical.
Which of the following factors did not contribute to the federal budget surpluses in the 1990s?
a. Higher taxes on the rich b. More federal government spending discipline c. Market globalization d. Slower consumer spending e. Rising business optimism based on technological innovation
The interest-rate effect is the impact on real GDP caused by the direct relationship between the interest rate and the:
a. price level. b. exports. c. consumption. d. investment.
A supply-side policy to cure inflation would include
A. A minimum wage increase. B. A reserve requirement decrease. C. Deregulation. D. Tax increases.