As the differences in opportunity costs between the U.S. and its trading partners increase, the potential gains from specialization and trade ________.
A. decrease
B. stay the same
C. become unpredictable
D. increase
Answer: D
You might also like to view...
Paul runs a shop that sells printers. Paul is a perfect competitor and can sell each printer for a price of $300
The marginal cost of selling one printer a day is $200; the marginal cost of selling a second printer is $250; and the marginal cost of selling a third printer is $350. To maximize his profit, Paul should sell A) one printer a day. B) two printers a day. C) three printers a day. D) more than three printers a day.
Which of the following will NOT cause a shift in the supply of gasoline?
A) An increase in the wage rate of refinery workers B) A decrease in the price of gasoline C) An improvement in oil refining technology D) A decrease in the price of crude oil
The Stock Market Crash of 1929 probably contributed ____ to the Great Depression because _____
a. little, it did no more than wipe out the speculative gains made earlier. b. little, the Fed responded by increasing the money supply. c. a good deal, corporations could no longer raise investment funds. d. a good deal, consumer confidence and spending on durables were reduced.
Our measurement of output per worker is called:
A. productivity. B. production growth rate. C. nominal output. D. None of these is true.