Given the information in the table above, if it is ascertained that Foreign uses prison-slave labor to produce its exports, then home should
A) export cloth.
B) export widgets.
C) export both and import nothing.
D) export and import nothing.
E) export widgets and import cloth.
A
Economics
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Shelby said to her friend, "I just bought a new pair of climbing shoes and I love them so much that I totally would have paid more for them." Shelby was describing the concept of
A) consumer surplus. B) producer surplus. C) equilibrium. D) marginal cost. E) total surplus.
Economics
Holly reads that the US unemployment rate is 9.5% in August. She knows that there are labor ____ and that wages will eventually ____
Fill in the blank(s) with the appropriate word(s).
Economics