Within a country, the domestic price of a product will equal the world price if
a. trade restrictions are imposed on the product.
b. the country allows free trade.
c. the country chooses to import, but not export, the product.
d. the country chooses to export, but not import, the product.
b
Economics
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The Bureau of Labor Statistics produces data on unemployment and other aspects of the labor market from a regular survey of about 600 households, called the Current Population Survey
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the graph below. A decrease in supply would best be reflected by a change from:
A. Point 2 to point 1
B. Point 5 to point 1
C. Point 5 to point 2
D. Point 3 to point 6
Economics