Using 1995 as the base year to calculate Pago-Pago's terms of trade, its terms of trade in 2001 was 95 . We know then that its terms of trade in 1995 was
a. 0
b. 95
c. 100
d. 5
e. 195
C
Economics
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How many prices would there be in a barter economy with 100 goods?
A) 100 B) 1,000 C) 4,950 D) 10,000
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The structure of a macroeconomic model involves all of the following except
A) the available technology. B) the behavior of consumers and firms. C) the preferences of consumers. D) the available resources.
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If the government were to impose a tax that assigned everyone the same tax liability, it would be
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Economics