When looking at the economic impact of the terrorist attacks, the initial claim by Osama Bin Laden that the cost to the U.S. would be $1 trillion
A. was viewed at the time to be about right.
B. was viewed at the time to be too high, but in retrospect, is actually too low.
C. was viewed at the time to be too low.
D. was viewed at the time to be too high, but in retrospect, is actually about right.
Answer: B
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The situation in which the money a person receives does not increase even though prices rise.
a. inflation b. economic system c. fixed income d. deflation
The U.S.—Colombia Trade Promotion Agreement was signed on November 22, 2006, in Washington, D.C. This comprehensive trade agreement eliminated tariffs and other barriers to goods and services
Colombia will immediately eliminate tariffs on wheat, barley, peanuts, and many other products in which Columbia does not have a comparative advantage. This policy means that the price of peanuts in Columbia will become A) equal to the free trade price. B) lower than the free trade price. C) higher than the price when a tariff was in place. D) higher than the free trade price.