What do most economists believe about international trade?

a. It benefits all participants with no one harmed in the country.
b. It benefits only big corporation but harms everyone else in a country.
c. It benefits the majority of people but some people are harmed.
d. It benefits no one and harms many people in the economy.

c. It benefits the majority of people but some people are harmed.

Economics

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The demand for Picasso paintings rises (holding everything else equal) when

A) stocks become easier to sell. B) people expect a boom in real estate prices. C) Treasury securities become riskier. D) people expect gold prices to rise.

Economics

Cartel agreements are difficult to maintain because individual members

a. can gain by raising their price above the price that is best for the cartel. b. are often unable to police the price and output policies of other members. c. can gain by secretly raising their price above the price that is best for the cartel. d. can enforce price arrangements vigorously in court.

Economics