Foreign trade enhancements include
A) Instituting quotas on food imports. B) Reducing tariffs on food imports.
C) Increasing the value of the dollar. D) None of the above.
Answer: C
Economics
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Which of the following is considered a nonrenewable natural resource?
A. Solar power. B. Coal. C. Oceans. D. Aquifers.
Economics
Suppose that in a month the price of a liter of soda increases from $1 to $1.50. At the same time, the quantity of liters of soda supplied increases from 200 to 210. The price elasticity of supply for liters of soda (calculated using the initial value formula) is:
A. 0.1. B. 0.5. C. 10. D. 20.
Economics