According to the law of supply, a per-unit increase in the price of bun will cause a(n):
a. increase in the supply of buns
b. increase in the quantity supplied of buns.
c. decrease in the supply of buns.
d. decrease in the quantity supplied of buns
b
Economics
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Empirical observations on actual North-South trade patterns tend to
A) support the validity of the Heckscher-Ohlin model. B) support the validity of the Leontief Paradox. C) support the validity of the Rybczynski Theorem. D) support the validity of the wage equalization theorem. E) support the validity of the neo-imperialism exploitation theory.
Economics
In U.S. history, use of a commodity-backed paper currency is associated with the
A) Free Banking Era. B) Confederacy during the Civil War. C) gold standard. D) Bretton Woods Agreement.
Economics