If the foreign import demand curve intersects the home country's export supply curve in its horizontal portion, then:
a. the home country will suffer a loss from international trade.
b. the home country will not gain from trade.
c. the home country will gain from trade.
d. the foreign country will not gain from trade.
Ans: b. the home country will not gain from trade.
Economics
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Economics
A share of stock might be included in the definition of the money supply since it serves which of the following functions of money?
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Economics