Any terms of trade within the limits set by domestic opportunity costs will be mutually harmful, because each country tries to push the other as close to the limits of the terms of trade as possible

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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What would be an example of consumption service?

A) Rhianna gets a haircut. B) Jake buys an iPhone. C) Antonio, the manager of the local Taco Hut, purchases a new deep fryer. D) The local driver's license office purchases a new digital camera and printer. E) Donald Trump purchases furniture for his office.

Economics

The above figure shows the marginal benefits and marginal costs of a college education. If no subsidies are paid, colleges charge tuition of

A) $0. B) $5,000. C) $10,000. D) $15,000.

Economics