The available credit limit we have in a credit card reflects the amount of money we hold in our savings account

An economic model is a

A) realistic version of an economic environment. B) fictional representation of an entire economy. C) detailed version of an economic issue. D) simplified representation of an economic environment.

The main argument against using trade restrictions to retaliate against a country that raises its trade restrictions against you is

a. international trade may be further reduced between the two countries and your gains from trade become even smaller b. war may occur if mutual retaliations get out of hand c. both countries may find that they have greater access to each other's markets d. black markets will thrive as entrepreneurs find ways to enter each country's markets e. population will migrate from one country to the other in search of higher-paying jobs