Countries engage in trade because
a. the exchange is mutually beneficial.
b. governments force industries to exchange.
c. international law dictates that exchange must take place.
d. All of these.
d. All of these.
Economics
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Based on the production and revenue data in the above table, if the wage rate is $20 per worker, how many workers will be hired?
A) 5 B) 4 C) 3 D) 2
Economics
In a two-period model, holding everything else constant, an increase in government spending
A) unambiguously increases the current account surplus. B) unambiguously decreases the current account surplus. C) has an uncertain effect on the current account surplus. D) has no effect on the current account surplus.
Economics