Australia is a net exporter of wool, free trade will benefit the ________.
A. rich citizens of the Australia
B. poor citizens of the Australia
C. domestic consumers
D. domestic producers
Answer: D
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A commercial bank's last resort for borrowing reserves is from the:
A) discount window. B) central government. C) federal funds market. D) foreign banks.
In long-run equilibrium under perfect competition a. price will equal minimum average fixed cost
b. firms will earn economic profits due to the existence of barriers to entry. c. the demand curve facing individual firms will fall to the level tangent to the minimum average total cost curve. d. firms will produce at the level of output where marginal revenue exceeds marginal cost by the greatest dollar amount.
Under a fixed exchange rate regime, what will happen to the balance of payments for the United States and Mexico when the demand for Mexican goods rises? What is the only possible solution to this problem, given the fixed exchange rate?
What will be an ideal response?
Does international trade benefit all the economic agents in a country when the country is opened to international trade? Explain your answer
What will be an ideal response?