Refer to Table 14-6. What price will Sturdy Homes charge and what profit does Sturdy Homes expect to make?

A) Price = $12,000; expected profit = $3 million B) Price = $8,000; expected profit = $7 million
C) Price = $8,000; expected profit = $4 million D) Price = $10,000; expected profit = $5 million

D

Economics

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A) It circumvents trade restrictions within regional trade blocs. B) It increases trade restrictions within regional trade blocs. C) It promotes more rules of origin laws. D) It decreases incentives for trade diversion.

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The official definition of a recession is when real GDP declines for two consecutive quarters

a. True b. False

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