Most trade agreements contain countries in the same area of the world. Why is this so?

A) The distances that goods need to travel between such countries are short.
B) Distribution channels are not easily established in adjacent countries.
C) Adjacent countries are reluctant to coordinate policies.
D) Neighboring countries usually lack a common history and interests

A) The distances that goods need to travel between such countries are short.

Economics

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Other things the same, continued technological progress and continued increases in the money supply would unambiguously lead to

a. rising prices only. b. rising real GDP only. c. rising prices and rising real GDP. d. neither rising prices nor rising real GDP.

Economics

In introducing the opportunity cost of time into the theory of consumer behavior, we find that, all else equal:

A. one should consume less of time-intensive goods. B. one should consume more of time-intensive goods. C. the consumer's equilibrium position is not altered. D. the marginal utility derived from each product must be multiplied by consumption time in determining equilibrium.

Economics