The price of bread in terms of gallons of milk per loaf is 0.6 and the price a gallon of milk in terms of pounds of butter per gallon is 1.2. What is the relative price of bread to butter?

People participate in international trade basically because:

A) they are better off by doing so. B) they must. C) it makes other countries better off. D) they prefer to share their income with people in other countries.

In the Supply and Demand of Loanable Funds model presented in Chapter 3, the variable that adjusts to equilibrate the supply and demand for goods and services is:

A. government spending. B. consumption. C. taxes. D. the real interest rate.