A world price of a good:
A) is the lowest price for which the good is available in any country in the world.
B) is the price prevailing in the country with the highest production of the good.
C) is equal to the lowest opportunity cost of producing the good in any country in the world.
D) is the prevailing price of the good on the global market.
D
You might also like to view...
Figure 5-17
In Figure 5-17, the consumer would prefer
A. D to C. B. B to D. C. C to B or A. D. D to A but not B.
The Fed does not tightly control the monetary base because it does NOT completely control
A) open market purchases. B) open market sales. C) borrowed reserves. D) the discount rate.
In reading the stock market quotes in the newspaper, the column with the heading "Ticker" gives the
A) number of shares of the stock traded that day. B) the full name of the company whose stock is being studied. C) stock symbol for the company. D) highest price the stock has sold for in the past year.
Give an example where individuals "vote with their feet" in choosing among bundles of public goods and tax rates
What will be an ideal response?