Which of the following is not correct?
A. Arturo and Dina could each consume 200 tacos and 200 burritos with trade.
B. Total consumption of burritos could not be 600 either with or without trade.
C. Neither Arturo nor Dina could each consume 200 tacos and 200 burritos without trade.
D. Arturo and Dina could each consume 100 tacos and 100 burritos without trade.
Answer: A. Arturo and Dina could each consume 200 tacos and 200 burritos with trade.
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Present the case for floating exchange rates
What will be an ideal response?
Forward linkages are the demands created by new supply capacities
Indicate whether the statement is true or false
If buyers and sellers in a certain market are price takers, then individually
a. they have no influence on market price. b. they have some influence on market price but that influence is limited. c. buyers will be able to find prices lower than those determined in the market. d. sellers will find it difficult to sell all they want to sell at the market price.
Refer to the diagram. An industrial union could maximize employment by negotiating a wage rate of:
A. W 4 .
B. W 3 .
C. W 2 .
D. W 1 .